Looking For A Stock Market Hedge? This ETF Tracks A Commodity Expected To Rise
Looking For A Stock Market Hedge? This ETF Tracks A Commodity Expected To Rise
Teucrium Sugar Fund ETF (NYSE:CANE) was consolidating slightly lower on declining volume Tuesday, continuing within its downtrend, which began on Feb. 12.
由于周二交易量下降，Teucrium Sugar Fund ETF（纽约证券交易所代码：CANE）盘整略低，继续保持2月12日开始的下跌趋势。
On Feb. 14, 12 traders and analysts polled by Reuters indicated they expect raw sugar to close 2024 at 24.5 cents per lb –up about 20% from the 2023 closing price. While Brazil's sugar production remains on track, a lack of growth in India's sugar production is likely to be the contributing factor to a global supply glut, according to trader and supply chain services company Czarnikow, Reuters said.
2月14日，路透社调查的12名交易员和分析师表示，他们预计原糖将在2024年收于每磅24.5美分，较2023年的收盘价上涨约20％。路透社说，尽管巴西的糖产量仍步入正轨，但印度糖产量缺乏增长可能是全球供应过剩的促成因素。
The demand for sugar is rapidly increasing due to population growth and the expanding global middle class. The commodity plays a vital role in various industries worldwide, serving as a sweetener, fuel (ethanol), bio-material, ink, cement, glue, and alcohol.
由于人口增长和全球中产阶级的扩大，对糖的需求正在迅速增加。该商品在全球各个行业中起着至关重要的作用，可用作甜味剂、燃料（乙醇）、生物材料、油墨、水泥、胶水和酒精。
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CANE offers investors a convenient way to track the price of sugar futures within a brokerage account and because historically, sugar doesn't move in tandem with U.S. stock market trends, CANE could be an appealing choice for traders wishing to diversify their investment portfolios.
CANE为投资者提供了一种在经纪账户中追踪糖期货价格的便捷方式，而且由于从历史上看，糖的走势与美国股市的走势不一致，因此对于希望分散投资组合的交易者来说，CANE可能是一个有吸引力的选择。
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The CANE Chart: CANE formed a lower low within its downtrend on Tuesday, falling to hit the lower trend line of a descending channel. When the ETF dropped to its low-of-day, buyers came in and bought the dip, which caused CANE to look to print a dragonfly doji candlestick on the daily chart, which may indicate the local bottom has occurred.
CANE图表：周二，CANE在下跌趋势中跌至较低的低点，跌至下降通道的较低趋势线。当ETF跌至当日低点时，买家进来逢低买入，这导致CANE打算在日线图上打印蜻蜓十字星烛台，这可能表明局部已经触底。
- A descending channel pattern is considered to be bearish until a security breaks up from the upper falling trend line on higher-than-average volume. If CANE continues to bounce on Wednesday, bullish traders want to see the ETF break up from the channel, which would cause the ETF to regain the eight-day and 21-day exponential moving averages (EMAs) as support.
- Bearish traders want to see CANE reject the upper trend line of the pattern, which would suggest the downtrend is likely to continue. If CANE falls further, the 50-day simple moving average is likely to act as support at least temporarily.
- CANE has resistance above at $13,91 and at $14.23 and support below at $13.40 and at $13.04.
- 在证券因交易量高于平均水平而突破下跌趋势线上方之前，下降的通道模式被认为是看跌的。如果CANE在周三继续反弹，看涨的交易者希望看到ETF脱离该通道，这将导致ETF重新获得八天和21天指数移动平均线（EMA）作为支撑。
- 看跌的交易者希望看到CANE拒绝该模式的上趋势线，这表明下跌趋势可能会继续。如果CANE进一步下跌，则50天简单移动平均线可能会至少暂时起到支撑作用。
- CANE的阻力位在13,91美元和14.23美元上方，支撑位在13.40美元和13.04美元下方。
Photo by Tyler Prahm on Unsplash
由 Tyler Prahm 在 Unsplash 上拍摄