I charted coffee on Sunday as a beaten-down commodity.
In addition, note sugar has also gotten worked over since 2011. Should we finally see a snapback rally, even just to the top of the weekly channel highlighted below, I expect the bear-flagging HSY TR to get hit (both with sugar as a major input cost).
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Sugar and coffee aren’t something I normally follow but I appreciate you shining a spotlight on them. Thanks.
Thanks, L_T