FxWirePro
Short

Sugar forms gravestone doji pattern,decline till $14 is possible

ICEUSA:SBK2016   Sugar #11
51 0 5
Candle stick pattern formed – Gravestone Doji

Major resistance - $16.75.

MACD (Weekly chart) – Bearish Divergence

Sugar             has made a high of $16.75 and started to decline from that level. It is currently trading around $15.87.

Short term correction is possible till $15.06/$14 is possible as long as resistance $16.75 holds.

Any break above $16.75 will take the commodity till $17.45 in short term.

The commodity minor support is around $15.60 and break below targets $15.05/$14.

It is good to sell on rallies around $15.95-$16 with SL around $16.75 for the TP of $15.06/$14.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out