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#SaxoStrats: Going against the trend and selling sugar

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Sugar has been one of the best performing commodities in the past few weeks, rallying 25% on tighter supply and a stronger Brazilian real, says Saxo Bank’s Ole Hansen. Hedge funds are going long on sugar, but Hansen is going against the trend and selling. Here’s why.

Hansen is looking to enter the trade at market with a first target of 13.70. For more details, read Hansen’s article on Tradingfloor.com: #SaxoStrats: Sugar storms higher amid tight supply.