Monday, 23 October 2017
Another dull and uneventful week in raw sugar futures.
A succession of lower closes saw the market down 41 points for the week.
MAR18 looks magnetically attracted to 14 cents and so we continue to gyrate either side of it until we receive some fresh fundamental inputs.
Technical indicators are all beginning to flatline and so there is very little to motivate funds, producers or consumers to enter the market at the moment.