date:Jan 28, 2013
Raw sugar, the worst performer on the SP GSCI Commodity Index after Arabica coffee in the past year, will probably plunge 24 percent over the next three months, according to a technical analysis by Trading Central SA.
Prices are making successive lower-highs and lower-lows and are capped by a declining trend line in force since 2011s top, said Ludwig Garric, an analyst at the Paris-based company, who correctly predicted soybeans rally to a record last year. Thats signaling a downward trend, he