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Global View Sugar Flash – Funds loaded up on shorts because of crude’s fall? Uh-oh – 9th August 2019

By Michael McDougall

9th August 2019

Daily technical analysis of the global sugar markets from Mike McDougall, Managing Director of Paragon Global Markets.

Last week, Tuesday, (07/30) when the last commitment of traders report was released, showed overall open interest was 949,627 lots. This last Tuesday it was 985,687, an increase of 36,000. Yesterday it was 1,032,084, a further increase of 47,000 lots. Total 83,000 lots. The 07/30 commitment net spec position was (134,000) We think the bulk...

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