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QSL Market Update

Monday, 05 August 2019

Following an explosive technical reversal the week prior, raw sugar futures spent the entire week consolidating the move and trading sideways in the low 12 c/lb range.

Upward momentum ultimately stalled on Tuesday, with prices uncovering significant lateral resistance at the 12.30 c/lb level before trading lower over the remainder of the week on low volumes.

Meanwhile the Aussie Dollar continued to head further into the abyss, slipping below 68 cents by the end of the week and ever closer to January's 'flash crash' of 0.6741.

Click here to read our full Market Update.