lynersen
Long

wait for the MACD cross - and then going long

OANDA:SUGARUSD   CFDs on Sugar
49 3 3
Hi all,

Waiting for the MACD cross before I enter the long trade.
Comment: seeing the wider perspective:
Comment: The 30 min chart MACD have crossed - be ready to go long - expect trade to be active soon.
Trade active
Comment: Most of the brokers are expecting sugar to drop down.
I see it a bit different - I still expect it to climb higher - before going down.
Comment: Waiting for the breakout anytime soon
Comment: I will issue a little warning - as the USD/BRL are having quite impact on sugar.
Last day - we had a drastic increase in USD/BRL - which could influence sugar and give it sligth knock down today.
I am still expecting it to break through the tunnel and make a climb upwards - but it might go down before it will happen.
Comment: Some would argue, that the increase in USD/BRL would help the Brazil producers and have a positive impact on sugar price - but fact is, that looking at longer peroiod, the sugar decrease with almost exact same degree as USD/BRL increase
Comment: So - watch out the coming days and follow the USD/BRL as well.
Comment: Happy New Year Traders.
Finally - we got the breakout. A lot later than I expected - but now it is there.

Expect some corrections the next couple of days - before we will see it go even more bullish.

Chart to follow:
Comment:
Got my silver maples...just wondering what the strong dollar has impact on the metal prices. Also the wondering about the paper manipulations as 'they' might try to dump paper garbage to lower the price and buy back physical on the market?
Reply
lynersen jostitrade
@jostitrade,
It will have some impact - but not in the long run.
I have been following all news and alert on slightest USD correction - but in the long run, it will still be the chart who win the trade ;)
Reply
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