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...
Clear drop in the price and te break of the trendline - the price if below VWAP and we got volume on the short side
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...
Bullish on Sugar. Price is forming flag and bullish patterns everywhere. Inversed H&S followed by a continuation pattern. This is ripe for buys after break out or look for entry after more pull back.
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 pullback could emerge as a double three WXY as wave W already nears completion. Another drop then could follow in large wave C down.
Sugar and Brazil Relationship: Since Brazil has been the leading producer of sugarcane in the world, the value of the Brazilian Real plays a significant role in the price of sugar futures. Weakness in the Brazilian Real against the US Dollar encourages Brazil's sugar producers to boost exports. The logic is that a lower Brazilian Real incentivizes Brazilian...
Hi friends the SUGAR market chart shows that there is a very high probability that this stock will experience an upward trend in the coming days for more information please contact me on youssef.lyazidi5@gmail.com
In my last post I indicated a great buy opportunity on sugar at 0.100. Now one week later, sugar is trading roughly 7.5 percent higher at 0.1075. We can see it forms a nice uptrend since the strong rebound at 0.900 price level, forming a support line with the support at 0.100. We are dealing now with the previous local high of 0.108 early May, and we will battle...
SUGAR creates an inverse Head and shoulder on historical support. As we know Inverse Head and shoulder is a common reversal sign after a long bearish environment. We will wait a breakout on neckline and retest it with a nice volume and according with Plancton's signal we will set a nice long order ––––– Here is the Plancton0618 technical analysis, please comment...
Hi traders, today´s analysis contains information about possible COT trade in the SUGAR. Commercials increased their Long positions, and we are near the extreme SUPPORT level - Edge of the Value area! Sugar also created a nice REJECTION that confirmed our expectations. Do you remember "Buying tail" from the last videos? Sugar´s tail is one of the most...
Sugar. It was in a clear downtrend from mid February. It tested the psychological level of 10.00 mid-april, broke through, found impulse-bounce support on 9.00, to go straight back to 10.00. After 10.00, it broke out, and slowly retraced back to 10. Since the impulse from 9.00 to above 10.50 went quick, and the retracement back to 10.00 slow, we can see assume...
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...