Media Quotes

Adam Sarhan Dow Jones Newswire Quote: MARKET TALK: Stronger Dollar Pressures Raw-Sugar Futures

Dow Jones Newswire

Monday, October 8, 2012
9:33 EDT – Raw sugar is ticking lower as the stronger dollar weighs on soft commodities, but futures are hanging on to most of last week’s 5.2% jump. Sarhan Capital’s Adam Sarhan calls sugar’s 4th-consecutive weekly rise “a positive divergence” from other softs, which continue to fall. “Support held and this market is bouncing back towards resistance.” Sarhan cites 24c/pound as a key upside target. ICE sugar for March delivery is 0.4% lower at 21.45c. ( [ 10-08-12 0933ET ]