Sugar (SB) - 5th October 2023 | @ 76 Days
Last trade: - 1.58% | 'C' class signal detected in Sugar futures (SB). Running at an average wavelength of 76 days over 11 iterations since July 2021. Currently moving down.
Price in sugar futures looks to have peaked from the prominent component around 75 days average wavelength, the cycle has turned down too. Next trough looks to be around the end of October / early November with some mild frequency modulation muddying the water somewhat. There is some power at the 40 day region (see time frequency below) worth noting - may be useful for traders who wish to wait for a pullback and fade from the peak of that component.
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