International Sugar Market Report 31 January 2018

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Futures were higher again yesterday and trends are turning up at least for the short-term. New York charts show that futures held an important support area at 1300 March, and now the market has rallied and chart patterns are more positive. London remain above important support areas, but trends could be turning up for the short-term in this market as well. The overall feel of the market is that prices for now are cheap enough, but both New York and London appear to need a catalyst to work higher in a big way.

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