What's become clear to sugar traders--but not to this thread's postors--is that Brazilian sugar exporters have been caught speculating: in other words, this unique price spike is a classic short squeeze. Beware buying sugar here, as funds hadn't bought much sugar in size above 12.00.
When it starts throwing fits (i.e. 1/23 outside reversal, etc...) you're getting close but picking the peak is an act of futility. Just know where the trend system guys put their stops, figure 3-4 atr's under the contract high and try to front run them. The floor is going to have a field day when it eventually does snowball.
Does sugar have much correlation with oil price? I n other words would buying sugar be ideal near a low in crude?