TrainingTrader

Sugar #11 approach short term support

ICEUS:SBV2023   Sugar No. 11 Futures
Analysis: Price extends to measured profit taking began retracing towards the support level at 23.68. Overall trend remains in a strong uptrend, thus, if price were to show any bullish or reversal signal at this support, long position can be taken.

Long opportunity: Reversal confirmation at 23.68 support region towards 24.38 as Take Profit - 1 level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.