Elliott Wave International | World's Largest Market Forecasting Firm Since 1979
Please Login
 
 | What's My Password?
EWI

Free Updates Home   |    Email to a Friend   |    Printer Friendly   |    Update Notifications

Category: Commodities
Sugar Futures: Market Sentiment Is Key
Elliott Wave International discusses the current sentiment reading in Sugar futures and its implications for the trend.

By Vadim Pokhlebkin Published: Wed, 12 Mar 2008 17:30:00 ET

According to Tom Denham, Elliott Wave International's Senior European Stocks Analyst,

"Sentiment is the filter through which investors and analysts evaluate everything they know and think about stocks. Optimistic people easily accept a drop in earnings and focus on management's vision for the future to stay enthusiastic. Pessimistic people dismiss past successes and focus on fears that the environment ahead is challenging."

This statement equally applies to commodities as it does to stocks. It's a timely quote, too – because sentiment in Sugar futures, for example, happens to be pretty optimistic right now.

 

The Daily Sentiment Index – whose readings below 20 indicate an extremely bearish sentiment and those above 80 indicate extreme bullishness – is at 84 right now for Sugar:

 

 

This chart – except its fully labeled version – appears in tonight's (Mar. 12) issue of Elliott Wave International's daily commodity publication, Daily Futures Junctures.

 

Notice, though, that this is a weekly chart of World Sugar. While on this longer-term timescale, traders' sentiment may indeed be indicating overbought conditions, a shorter-term timeframe may offer a different picture. 

You can see our full analysis of Sugar online right now, in the March 12 Daily Futures Junctures. Just look below for details on how to get it

Tags: sugar, futures, world sugar, daily sentiment index
BOOKMARK: 

Rating: - based on [13 rating(s)]
Rate this content:
  


The Futures Junctures Service is the most comprehensive futures service you can buy – period. You get an opportunity-based service that's updated daily, along with monthly intermediate-term coverage of a variety of markets, plus a host of financial insights.

We've put together a very special offer that's packed with our famous newsletters, two of our best-selling books and editor Jeffery Kennedy's new eBook The Trader's Classroom Collection.

So here’s what we're offering:

  • A copy of the NY Times bestseller, Conquer the Crash by Robert Prechter
  • One month of Monthly Futures Junctures
  • One month of Daily Futures Junctures
  • One month of The Elliott Wave Theorist
  • A copy of The Trader's Classroom Collection eBook
  • A copy of the Wall Street bestseller, Elliott Wave Principle – Key to Market Behavior by Robert Prechter and A.J. Frost
  • Subscriber Only benefits

Order Now, and this special offer — worth more than $190 — will cost you only $59.
(Plus shipping and handling) After the first month, we'll automatically bill your credit card $177 per quarter.
For more information about each specific item, click here.

Buy Now!  More Information

If you want to order by phone, call our customer service representatives at 800-336-1618 (from within the U.S.) or 770 536-0309 (from outside the U.S.). When you call, please refer to code FJS12-FRCOM.

We're so confident you'll love this service that you can try it risk-free for 30 days. If you aren't absolutely thrilled with it, just ship both books back to us in good condition and get a full, unconditional, cheerful refund (minus S&H). You can also get a pro-rata refund at any time during your subscription.

With our convenient automatic billing, we'll continue to bill your credit card every quarter until you tell us to stop.

 


20% Off Online Trading Courses - Now Through May 22

People who read this also read:
Soybean Meal: The Stage Is Set
No Recession? How About, "No Supporting Evidence"...?
Categories
Most Recent Articles
- 5/15/2008 5:45:00 PM
Soybean Meal: The Stage Is Set
- 5/15/2008 5:15:00 PM
No Recession? How About, "No Supporting Evidence"...?
- 5/15/2008 11:45:00 AM
China: The Road Ahead
- 5/14/2008 6:30:00 PM
Video: Learn To Set Price Targets With Fibonacci
- 5/14/2008 5:00:00 PM
Commodities: How High-Income Welfare Creates Low-Income Welfare
|
|
|
|
|
|
|
|
|
The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.