From Taki Tsaklanos: Agricultural markets looked very bullish in February when we wrote 3 reasons why agricultural commodities could start a new bull market. Interestingly, since then, they did break out only to retrace in March.
Early April, the agricultural index GKX (see chart) is back in its bearish area.
As a reminder, the agricultural commodities that are part of the GKX index are Wheat, Corn, Sugar, Soybean, Coffee, Cocoa, Cotton.
From Taki Tsaklanos: Agricultural markets looked very bullish in February when we wrote 3 reasons why agricultural commodities could start a new bull market. Interestingly, since then, they did break out only to retrace in March.
Early April, the agricultural index GKX (see chart) is back in its bearish area.
As a reminder, the agricultural commodities that are part of the GKX index are Wheat, Corn, Sugar, Soybean, Coffee, Cocoa, Cotton.