I think so. I mentioned taking a starter short position in /SB (sugar futures) as I was recording that video yesterday and I plan to add to that position on break below the recent lows as that will have taken /SB down below this bear flag continuation pattern that has formed just below the minor uptrend line that was taken out shortly after it was highlighted in the video.

SGG price targets (actual support levels) would be roughly 46.86 & then 45.23. Keep in mind that this is a counter-trend trade so stops are a must if sugar powers on up through the key resistance level that it just reversed off.

I have no idea what the outlook from WF or that particular analysis was when the last bull market in commodities ended by I’d say there is a very good chance that they were publishing similar outlooks about how the bull market had plenty more room to run.

As you say, these are tactical trades at this time (i.e.- bear market rallies/swing trades) although I am very open to the potential that some of these trades, should they play out to and above some of those swing targets, could morph into longer-term trend trades as/if we start to get some bullish technical developments on the longer-term (daily & weekly) charts that start to indicate that a significant bottom may be in place.