WAVES.AGRO – THE SWEET BULL

Sociologists should answer this question. How can the bull be sweet? And why is this bull eating a lot of chocolate? Both COCOA and SUGAR are at a new high. Socionomics as a subject explains how the society consumes less sugar in a bull market as the society gets calorie conscious. When the bear market starts sugar consumption increases as people care less about calories and more about the depression that the slowdown creates. So according to Socionomics, are we are in a secular bear market, with minor bull legs in it or there is something wrong with the theory?
According to cycle work that we highlighted in ‘A DOW THEORY’ we talked about just a bull leg into 2010 early 2011 followed by a final bear drop into 2012. If our interpretation of cycles are correct along with the sugar, cocoa most of the other agro assets should do well in the coming times. This also means that the food crisis is far from over even if it there are less news about the agro complex these days. The very fact crisis is less related to food currently is also because most of agro assets dropped on average 61.8% from all time highs. Few assets like sugar and cocoa have rebounded while wheat, corn, oat and soya are showing signs of new bull market legs and are at low risk entry points.
Agro remains a very key space to watch and the crisis on food is far from over. The latest report on agro assets carries primary Elliott counts for the respective assets. About the bull being sweet, at least till now it seems so.
Enjoy the latest WAVES.AGRO
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ORPHEUS GLOBAL RESEARCH
WAVES.AGRO is a perspective product published once a month. The report covers Coffee, Sugar, Cocoa, Wheat, Corn and related FUTURES. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools and sentiment indicators.
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