Discussion in 'Commodity Futures' started by Shagi, Jan 10, 2010.
mmmmmm - whats happening here ?
Conclusion is nobody knows what the heck is going on there including the major producers. There is chaos in major producer countries so any WASDE estimates due for release will be inaccurate/unriable data.
so what do we do - we take a futures calendar straddle position on the open tommorow - short CCK0 and Long CCH0 - either way a big move is on the way. Stay Tuned
sugar made a bullish chart formation that usually leads to 1 more leg up after some small consoldation here.
does that help?
Separate names with a comma.