Sugar , the commodity has been in a prolonged downtrend for some time now.
The Sugar ETN CANE offers one the opportunity to go LONG Sugar,
at extremely discounted and washed out price.
As a completely contrarian play.....
CANE LOW on 8/2/18 at 6.75, looks to me to be a WASHOUT LOW. USE that as a STOP,
Begin to accumulate. Long Trade. Upside Target; To Be Determined.
THE_UNWIND
The Sugar ETN CANE offers one the opportunity to go LONG Sugar,
at extremely discounted and washed out price.
As a completely contrarian play.....
CANE LOW on 8/2/18 at 6.75, looks to me to be a WASHOUT LOW. USE that as a STOP,
Begin to accumulate. Long Trade. Upside Target; To Be Determined.
THE_UNWIND
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.