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.
由於週二交易量下降，Teucrium Sugar Fund ETF（紐約證券交易所代碼：CANE）盤整略低，繼續保持2月12日開始的下跌趨勢。
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，路透社調查的12名交易員和分析師表示，他們預計原糖將在2024年收於每磅24.5美分，較2023年的收盤價上漲約20％。路透社說，儘管巴西的糖產量仍步入正軌，但印度糖產量缺乏增長可能是全球供應過剩的促成因素。
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.
由於人口增長和全球中產階級的擴大，對糖的需求正在迅速增加。該商品在全球各個行業中起着至關重要的作用，可用作甜味劑、燃料（乙醇）、生物材料、油墨、水泥、膠水和酒精。
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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爲投資者提供了一種在經紀賬戶中追蹤糖期貨價格的便捷方式，而且由於從歷史上看，糖的走勢與美國股市的走勢不一致，因此對於希望分散投資組合的交易者來說，CANE可能是一個有吸引力的選擇。
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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圖表：週二，CANE在下跌趨勢中跌至較低的低點，跌至下降通道的較低趨勢線。當ETF跌至當日低點時，買家進來逢低買入，這導致CANE打算在日線圖上打印蜻蜓十字星燭臺，這可能表明局部已經觸底。
- 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.
- 在證券因交易量高於平均水平而突破下跌趨勢線上方之前，下降的通道模式被認爲是看跌的。如果CANE在週三繼續反彈，看漲的交易者希望看到ETF脫離該通道，這將導致ETF重新獲得八天和21天指數移動平均線（EMA）作爲支撐。
- 看跌的交易者希望看到CANE拒絕該模式的上趨勢線，這表明下跌趨勢可能會繼續。如果CANE進一步下跌，則50天簡單移動平均線可能會至少暫時起到支撐作用。
- CANE的阻力位在13,91美元和14.23美元上方，支撐位在13.40美元和13.04美元下方。
Photo by Tyler Prahm on Unsplash
由 Tyler Prahm 在 Unsplash 上拍攝