Forecast SUGAR
#FOOD #SUGAR
Cheap sugar is only in our dreams.
At the moment, the accumulation phase is nearing its end. The technical figure "flag" begins to be traced, the exit of the market from which, according to the canon, should take place upwards.
The first target will be the resistance level ~24.
Its breakdown will send futures with a high degree of probability to cross the global level at 39, which is approximately x2 from current prices.
This is possible if the world system plunges into hyperinflation, the signal for which is already given by the actions of central banks (yesterday's post on the Bank of England).
Under such a scenario, it would be wise to buy food and essentials at current prices.
Cheap sugar is only in our dreams.
At the moment, the accumulation phase is nearing its end. The technical figure "flag" begins to be traced, the exit of the market from which, according to the canon, should take place upwards.
The first target will be the resistance level ~24.
Its breakdown will send futures with a high degree of probability to cross the global level at 39, which is approximately x2 from current prices.
This is possible if the world system plunges into hyperinflation, the signal for which is already given by the actions of central banks (yesterday's post on the Bank of England).
Under such a scenario, it would be wise to buy food and essentials at current prices.
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