I had daily resistance drawn from higher timeframes in dark blue on the same level 200 MA is. Sugar bounced from the level validating it - that is when I drew azure resistance over the dark blue as it becomes valid on hourly too. Eventually, it pierced through, did a quick retest and now it came back again forming nice tradeable pinbar.
I open long.
1. Sur graphique d'une semaine on voit la formation d'un triangle en expansion à l'envers.
2. Forte résistance au niveau 12.30.
3. SMA 200 résistance DAILY
4.Si le prix va casser la résistance 12.30. Le prix de sucre va augmenter jusqu'à 12.90
5.La ligne senkou span B la résistance ideale sur 4H
6.Le prix va ferme le gaupe au 12.88
7. Canal acsendant en...
A bullish pattern, a cup and handle, is formed on the Sugar daily chart. Important will be a close above $ 12.30. The first target in the area $ 13.35-13.60, the second one in the area $ 14.40-14.85. The fundamental analysis agrees with the pattern.
🍦 The future of sugar futures looks sweet. Sugar futures have been trending well recently, with levels being constantly respected, so the chart is attractive from that perspective. It is especially attractive for the bulls given the current recovery on the back of the COVID correction.
With that in mind, despite the bullish price action, this hot sugar chart...
Not really a trade but more of a long term investment as a hedge against troubles to come in the economy and the return of the pendulum into inflation for years to come. Not sure if it is the absolute low but it looks like a good place to start.
Here is the big picture:
UPDATE! SUGAR another nice opportunity, the price retested the neckline of inverse head and shoulder and just broke a descending channel.
According to Plancton's strategy We can set a nice long.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of...
Hey, here is my new forecast, and don't forget to follow them because commodities are very useful after the crisis. They are one of the useful and progressive pairs compare with others. Also, they are very useful for long term trading!
I wrote all explantations and some forecast move of this pair I hope you like it. If you have any questions don't hesitate to...
the SUGAR market chart shows that there is a very high probability that this stock will experience an upward trend in the coming days
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