Sugar breaks 20 week VTL


#1

Using the nominal model without pinning, sugar today breached the 20 week VTL after putting in an 18 month cycle peak a few weeks ago. Interestingly since the 40 week trough early in the year it has stayed above or followed the 80 day FLD quite well. With this turn, is this an early signal for further downward movement of sugar through the 80 day and 20 week FLD and down into the 18 month trough at the end of the year?


#2

SUGAR 1 Month


#3

SUGAR 1 YEAR


#4

Roughly 9 Months / 6 Cycles . Average 6 Weeks