date:Aug 23, 2018
igh. Rising open interest and falling prices tend to be a validation of a bearish trend in a futures market, but it also tells us that trend following speculators are holding short positions in the sugar futures market. Both the slow stochastic, a momentum indicator, and the relative strength indicator, are in deeply oversold territory. This week, the sugar futures market fell below its level of critical support.
SUMMARY
A decline below critical support at 10.13 cents. Oversupply from Brazil a