Earlier in the week I shared the chart below, reflecting that Sugar was a decent leading indicator for interest rates (see post here) At the time of the chart below, it appeared that the neckline was being tested in bonds and the 50% fib level was being tested in Sugar.
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Below is an update to the above chart…
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Interest rates and Sugar both broke below key support this week! These decent leading indicators are in line with the pattern and results of the CRB Index this week.
