Sugar – March 2019 contract

This is a set up that I am interested in. The price has taken some time to find a bottom, has made a higher low and now the moving averages have converged and started turning higher. Ideally buying somewhere near 12.50 with a stop just below the 20 Day moving average. It also could be worth buying some longer term options (3 or 6 month expiry. In the case it really does start moving.  This is how the cocoa move started last year and that moved around 30% in price terms. Sugar prices have been depressed for a while and this could be a good opportunity.

sugar sb11 march 2019 contract 2019 01 22

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