My current expectations are short in futures sugar. - level 14 - 4 month consolidation Target 12.85 - 13 (second monthly support S2)
As you know, it was following a bearish channel, but consider the daily resistance line around 0.127, and the lower bullish trend line who prevented more fall of price for three times, & bad fundamental news from Brazil & India, I guess I`ll buy sugar soon-possibly after breaking the upper line of channel while moving averages confirm all this too (hopefully :)....
I just wanted to take a moment to share this bit of insight. I'll try my best to be brief in my analysis. What you see is a continuous chart of Sugar futures. In my opinion, I'm thinking that there is a reversal in trend that is about to take place and here's why. The first thing that you may see is the downward slopping trend channel which began in October of...
I just wanted to take a moment to share this bit of insight. I'll try my best to be brief in my analysis. What you see is a continuous chart of Sugar futures. In my opinion, I'm thinking that there is a reversal in trend that is about to take place and here's why. The first thing that you may see is the downward slopping trend channel which began in October of...
Dear mgrzegorzak, Thanks for your little request and sorry for late reply. Here is our analysis about sugar. For rising prices in Sugar indicates the following aspects: increasing trend line CoT report of the Non Commercials Seasonlality current support at 13,70
IDEA: Expecting long move with support at 14127 @ Daily Average pivot & resistance @ Daily S2 pivot 14538 . Looking for Fibonacci support along the way to confirm the trend move. If daily average fails, expecting further support at 14049. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading...
SUGAR, at the test of the Simple Moving Average 89 SUGAR, at the test of the Simple Moving Average 89 , at 14.32 on the future SBV2017, in case of daily closing over 14.32, the big speculators will enter long making a raise with targets around 16 cents. SUGAR SBV17 - Oct '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 16.17 R2 = 16.05 R1 =...
Great pattern in oversold zone, trend remain short.Ratio 1:1.5
Nice candle today if gains hold. First minor downtrend broken. Oversold on larger timeframes (daily, weekly, even monthly) COT bullish -> MM / Large Specs short, Commercials long Wait for current extreme to cool down ~ +5% and look for long entry. SL below the lows. Good Trading!
- Advanced Pattern formation of Bat completion at D leg at 88% fib - Structure to the left - Potential double bottom at daily chart - Fundamental news of 2017 May of Sugar and World Markets and Trade stating record global production keeps consumption of Sugar near record high. - RSI divergence upwards
I'm looking for wave 3 to complete at 12.67, where wave v of 3 will be 61.8% the length of wave i thru wave iii subtracted from the top of wave iv. It should just be a matter of time before wave 3 completes and a corrective rally in wave 4 takes over. As the correction in wave 2 corrected a large part of wave 1, we should expect wave 4 to only correct a minor...
I am looking at Sugar futures here, it looks like we could be seeing an interesting rally coming out of this recent drop. Oil rallying certainly lifts all commodities , and I think this one offers a particularly nice risk/reward. Ideally you can wait for a new 'Time at Mode' signal to enter, or just rush into it at the open, and then add when applicable. Best of...
follow the support and a huge candle to buy it, in h1 and h4 time frame.