The sugar looks sweetOur sweet friend looks very good, both short and long term, I will see how this movement works.
It only remains to check how it looks from the fundamental point of view.
Best wishes to all!!
Sugar
Sugar turned out to be a beautiful trade..Sugar 2 days ago hit bottom. This was a good opportunity to take it long.
Entry: $10.07 (23/08)
Exit: $10.31(24/08)
Return: 2.3%
LONG SUGAR @ 10.48Technical Analysis:
- Double Bottom at 10.45 from August 2015
- Oversold on daily/weekly timeframes
- Retest of 5monthSMA likely @ 11.50
Fundamental Analysis:
- Look for Brazil Real bounce against USD - this will lead to less selling for $ and more domestic demand in Brazil
- Higher lows since 1985 reflecting growing demand
- Higher energy means more domestic demand in Brazil
- El Nino Weather Pattern could damper production in Brazil and India
someone's BTFD on sugarsugar is either broken or you better buy all you can right now
weekly volume exceeds all volume for the past two years, and it's only the first day of the week wtf
pretty confirmed here imo
ICEUS SUGAR : The fifth wave is performing in diagonal triangle
The fifth wave is performing in diagonal triangle.After the completion of wave 5,
the market is expected to make a significant rally.
Long Sugar at support levelsIs time to put in watchlist Sugar.
We are close to the main supports so we have two levels to place a buy. I think the better level should be 10 but the upper one is still attractive.
Sugar long preferedA Bigger Price range is obvious and we are just sitting on the bottom right on the support zone which could offer a nice long entry after a certain price action signals .
Something like a break n close through a h4 flip zone here would give me confidence and confirmation to enter a long position .
A break of the 200 ma would also be a nice sign for me that we see some action in direction north.
Sell Sugar. 40% move opportunity1. Sugar seems to be completing 4th wave of the down move.
2. 4th wave has (slightly running) flat structure.
3. It looks on the chart and in particular on MACD that last 4-5 weeks it is incapable to move significantly up from the bottom of the range. It seems ready to break down.
4. Previous month volume spike on big red candle also supports the idea of selling sugar.
5. 5th wave target should be about 0.61 of 1-3 waves move calculated from the top of wave, therefore it is about $0.082, ie it is ~40% move.
DHAMPUR SUGAR UPSIDE :) NSE:DHAMPURSUG RSI reversal possible, the price is about to touch the support. A bullish candle will confirm the uptrend.
Disclaimer: Consult your financial advisor before investing.
Sugar price to hit 0.153 in the next days, mid-run looks bearishAlthough in the next days the price increase can continue up to 0.1536 level, the gray support line does not look strong enough, which means 0.1133 can be seen in the mid-run, the price can hit its long run support level.
SUGAR / USD 4HThis trade will be active on monday morning ,,,
More update will follow ,,,
Good Luck All ,,,
SUGAR. Flat correction. Wait to short after it finishes.Sugar is in a long running flat correction.
The wave Y could reach out to the 0.1580 area (where Y=W) before it drops. It could also exceed it with further Fibonacci ratios 1.27-1.618.
Wait for reversal pattern at the top.
Sugar - TradeI love Sugar.... I love the Dividends.
RSI had a good run, benefited from low energy costs.
I am taking profit to keep cash on the side-line for the inevitable mrkt correction.
I will re-enter below 5.65 if the fundamentals stay solid.
On Balance Volume is weakening, this could be an indicator that investors are switching to cash or trading to high flying stocks.
Ichimoku 3/5 bear
23-Nov-17 6.23 Bear Chikou Span Cross Strong
" " Bear Kijun Sen Cross Neutral
" " Bear Kumo Breakout
21-Nov-17 6.50 Bull Senkou Span Cross Neutral
" " Bull Tenkan/Kijun Cross Weak
