Sugar (MAR)
Sugar tested its Feb 2020 high (which was 16.36) and pulled back a little
We gave in November last year two upside targets 15.90 and a medium-term upside target of 17.70.
The first target is reached and the second target still valid.
The high so far was 16.33.
Short term we get a sell signal below 15.00.
Coffee (MAR)
Our target of Coffee was 127.40 and the next target a move towards 134.00.
The high was 129.40 on Jan 4, but we did not quite see the next target yet.
Coffee is now trading near our sell stop of 119.00 but the stop is not yet hit.
However, only a good close below 119.00 by todays end of trading day cancels the buy signal.
GMTT publishes three weekly its GMTT research report covering the following:
Global Indices, VIX, a selection of stocks, Treasury Bond, Commodities, Soft Commodities, Currencies, and Bitcoin.
Signup for a free 14-day free trial which you can subscribe to through our website: https://globalmacrotechnical.com
Sugar Jan 8 2020
