Yc, yes, i just doubled up on sugar. My concerns are the Indian surplus and what Brazil might do in the event of the sugar price improving too much. Cattle has done well over the past weeks.
I also am looking for the big picture and the big moves. The result for me is that I start with small positions looking at the total value and not the margin. I expect to hold positions for months and sometimes have to unload and then reload. I am wary of technicals, if only because I see the big players using resistance points etc as a momemt to clean out the smaller traders positions. "A wash and rinse" was how it was described to me. My stop losses are in my head and a long way from the money. My objective is persistence, tempered by risk management. My reasoning on sugar is i think the same as yours and if it all falls in place I want to be there.
It's interesting, that if you look at some of the futures boards on soft commodities there is little traffic. Now that's a positive :o)
