Sweet Gains: Winning Strategies in the Ever-Evolving Sugar/Cocoa Markets
Follow the trend
Sugar (hold long)
The prohibition on India's sugar exports, scheduled to commence in October, combined with a significant decline in Thailand's sugar production and diminished export forecasts from the globe's third-largest exporter, has created a significant strain on the supply chain. Amidst this situation, the bullish momentum in March sugar prices persists, hinting at the likelihood of reaching new rally highs, provided that we hold this trend.
However, in light of the current market scenario, holding our long position is what we recommend for now but not entering a new long position. The trend is up. Enjoy the ride and sit tight but do not FOMO in to any trade.