About The Author

Frank Petricca

Frank Petricca is writer of “Petricca’s Pick” focusing on a Long Term approach for commodity traders that have an interest in Long term accumulation. Frank has worldwide recognition spurring innovation that points to communicating a different way to approach ones investment portfolio using commodity instruments. Contact Frank at 312-690-7763.

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Petricca’s Pick 01/19/2024

By On January 19, 2024 - 8:55 AM · In Market Commentaries, Petricca’s Pick

SUGAR LOQUIDATION

My post-dated November 30th, 2023, recommended Long-Term Short sugar accumulation as sugar futures were in fact in the upper 25% of the Long-Term trading range. Accumulation started at $24.50 basis October.

Clients should call to cover these Short sugar positions as my Long-Term trend following methodology has turned up.

October sugar futures are trading $21.73 today. Profits total: $3,102.40nper 1 contract.

 

 

Fundamentally, weather has started to affect sugar production in Brazil as forecasts call for dryness in the south. Problematic weather in Asia and India is also coming into play as stressful conditions prevail due to El Nino.

Clients and subscribers should also note that there is talk that India could turn into an importer next year which is certainly a bullish consideration.

 

Those of you that have an interest in learning more abut my strategies should call me personally. 312-690-7763.

 

Remember there are four important components regarding my strategies…

 

  1. Positions are established only in the upper or lower 25% of the Long-Term trading range.
  2. Positions are established only when my trend following methodology is up or down within that 25% parameter.
  3. Positions are held until positions reach the opposite extreme high or low. (The upper or lower 25% of the Long-Term trading range).
  4. Correct money management strategies must be implemented.

 

There is no question that more that 90% of commodity investors lose money…

 

And it’s true that my strategies also incur drawdowns…

 

But – What I offer is a way to be “in the market” when major commodity moves occur.

 

My strategies require one to maintain –

 

  • Patience
  • Commitment
  • Vision
  • Discipline

 

Those of you that have an interest in additional details regarding my strategies should call me personally. 312-690-7763.

Would love to hear from you.

 

In the meantime,

 

Have a great year trading!

 

Best

Frank

Questions? Ask Frank Petricca today at 312-690-7763.        
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