… despite having only going into it yesterday. Why? Another sugar flash crash. This seems to be becoming a feature of this market. Happily IG Index got me out at my stop level. The market dropped on reports that Cyclone Yasi had done less damage to the Australian crop than initially reported — of course that was a risk, but it has still done a lot of damage and relief doesn’t seem to justify this crash.
The top chart shows 1-minute bars, the bottom one daily bars.