The “ugly reality” is that the fire’s damage, for the moment anyway, is thought to be minimal, relatively short-term in nature, and with only minimal repercussions.
The other reality is that it is the surplus of sugars in the Far East (Thais), more so
than Brazils, those are currently weighing on market price and sentiment.
Regardless of the cause, there is nothing in today’s action of a positive nature.
The morning surge failed at significant overhead resistance (October 1718-1745), a series of highs that served to cap prices over the middle part of July, and the late weakness has prices knocking on the door of their Friday lows (October 1620; March (1802).
Today looks like little more than a one-day aberration that has only served to delay the apparent
inevitability of lower prices.
The “ugly reality” is that the fire’s damage, for the moment anyway, is thought to be minimal, relatively short-term in nature, and with only minimal repercussions.
The other reality is that it is the surplus of sugars in the Far East (Thais), more so
than Brazils, those are currently weighing on market price and sentiment.
Regardless of the cause, there is nothing in today’s action of a positive nature.
The morning surge failed at significant overhead resistance (October 1718-1745), a series of highs that served to cap prices over the middle part of July, and the late weakness has prices knocking on the door of their Friday lows (October 1620; March (1802).
Today looks like little more than a one-day aberration that has only served to delay the apparent
inevitability of lower prices.
การแปล กรุณารอสักครู่..
