Following yesterday's idea (pls see below for link) and after engaging a few long orders today sugar turned long as we expected. The uptrend is now stronger than before (see the two green lines) and the price is currently at a critical level. At this level we can do two things: 1) increase our trailing stop losses to a new level (I suggest you consult the ATR...
SUGAR is clearly bullish on 4h-D-W time frames. On the monthly time frame we expect at some point (mid-term I would say) to retrace back to the Fib 0.382 level. The COT (Commitment of Traders) outlook of the institutions for the week of SEP 29 supports the bullish trend as net positions increased to 248.345 compared to 234.659 of the week before that. Volume...
I want to return to Sugar. This market doesn’t have a strong setup. However, there is a chance for a short-term trade. The seasonal tendency is to the upside. Besides, we have a divergence in the 4h chart. So, breaking above the trendline can bring us some profits.
Hey I'm looking more into those commodities that I understand and had success with rather than popular stocks where I ALWAYS lose (and I do not see what the purpose of short term speculators even is with stocks), or crypto that never does anything because it is dead. Sugar this year has been doing a daily volume of usually around 2 billion usd if the ICE data is...
If Sugar finally breaks free from the downward trend from 2011
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. It is...
SUGAR : Follow the downtrend. Feel free to like❤, comment📝, share👫 and follow me for other analyzes🌍
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...
Will be looking for opportunities either ways :)
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Wait for comfirm pattern (support 11,5 USD). Trend line was broken. Target 11 USD. Also MACD looks bearish.