Sugar #11- May15 Futures – In yesterday’s trade event Sugar destiny values were strongly shabby by a sell rate transformation in Brazil. This is a initial time given Mar of 2004 that a dollar quote fell subsequent $3, shutting during R$2.967 (-1.3%). This movement in a Brazilian sell was set into suit by a engorgement of factors, initial being a jobs origination total entrance in above what a trade had expected joined with a acceleration rate delayed down purebred by a IPC-S.
The general backdrop also influenced a Brazilian trade event with a decrease of 0.7% in a Dollar Index with a wilful factors being oil prices that rose 2.4$ (WTI) and 3.4% (Brent).
There is still most hesitancy in a oil markets. The Bulls were eager over a EIA news that was expelled Wednesday and indicated a rebate in US production, with a anniversary boost in direct for gasoline and a ramping-up of refinery activity, therefore a conditions of bonds during a country’s categorical heart tailed off and should continue improving over a subsequent few weeks.
Values in a May 15 Sugar futures rose in both London and New York attack 13.09 (+3.4%), a top turn given Apr 17th.2015 and rising again in this morning’s event trade during 13.19 adult .10 ticks. Technically, draft structure is improving after prices strike a low of 11.91 behind on Mar 31st afterwards rising to a high of 13.46, it appears a marketplace has now put in a aloft low. If a marketplace can take out a prior highs of 13.45 this might open a doorway to a 14.00 insurgency area, as support stays during a 12.40 level. Volatility has solemnly been creeping aloft roughly relating a prior highs from Feb 2015 and augmenting choice premiums. Values are above a 20-day relocating normal though now sojourn subsequent a 50 and 100 day averages. We sojourn in a “wait and see” mode looking for cost movement and marketplace structure to strengthen and urge before dipping a toe in a water.
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May 15 Sugar:
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE (“FOREX”) IS SUBSTANTIAL.
YOU SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY FUTURES, OPTIONS, AND FOREX TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR (“CTA”). THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION (“CFTC”) REQUIRE THAT PROSPECTIVE CLIENTS OF A CTA RECEIVE A DISCLOSURE DOCUMENT BEFORE THEY ENTER INTO AN AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT’S COMMODITY INTEREST TRADING AND THAT FEES AND CERTAIN RISK FACTORS BE HIGHLIGHTED. IASG WILL PROVIDE YOU A COPY OF THE DISCLOSURE DOCUMENT AT NO COST. YOU SHOULD REVIEW THE CTA’S DISCLOSURE DOCUMENT AND STUDY IT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN THE TRADING PROGRAMS DESCRIBED ON THIS WEBSITE NOR ON THE ADEQUACY OR ACCURACY OF THE CTA’S DISCLOSURE DOCUMENT. THE INFORMATION CONTAINED ON THIS WEBSITE HAS BEEN PREPARED BY IASG FROM SOURCES DEEMED RELIABLE, BUT IASG DOES NOT GUARANTEE THE ADEQUACY, ACCURACY OR COMPLETENESS OF ANY INFORMATION. NEITHER IASG NOR ANY OF ITS RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, AGENTS AND EMPLOYEES MAKE ANY WARRANTY, EXPRESS OR IMPLIED, OF ANY KIND WHATSOEVER, AND NONE OF THESE PARTIES SHALL BE LIABLE FOR ANY LOSSES, DAMAGES, OR COSTS, RELATING TO THE ADEQUACY, ACCURACY OR COMPLETENESS OF ANY INFORMATION ON THIS REPORT.
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