Will Sugar’s Price Outlook Sweeten In 2013?
Wednesday, December 19, 2012 Psychologically, Sugar prices have turned bullish for the near-term, as prices rallied off recent lows after a rather bearish surplus estimate failed to draw in short-sellers. Though current momentum is now favoring Sugar bulls, we may not see any major fresh buying by large speculators unless we can see a strong [...]
Wednesday, December 19, 2012
Psychologically, Sugar prices have turned bullish for the near-term, as prices rallied off recent lows after a rather bearish surplus estimate failed to draw in short-sellers. Though current momentum is now favoring Sugar bulls, we may not see any major fresh buying by large speculators unless we can see a strong close through the 20-cent per pound level.
After trading at 28-month lows, Sugar futures prices are beginning to rebound, as some traders … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards