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 SUGARUSD is in a correction of a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The 50 week ema is currently trending upwards slightly, though the long term emas are mostly flat, signaling accumulation/distribution. The price action appears to be finishing up the third of five waves up, coming against...
Hello Traders.
We already had an impulse on Sugar#11 couple of weeks ago,
I'm expecting that that the price actions will continue to push higher.
Trade with care,
Not an investment advice.
Best Regard
Technical 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...
That grains started moving up recently from historically low prices based on a ratio of grains / S&P500 + the on going bear market in the US Dollar may help trigger bull markets in other commodities. Nothing is for certain, that's for sure, but looking at a chart of sugar dating back to late 1950's do tell the recent lows have come at historic turning points. Huge...
Sugar is in a very interesting area. The level of 13 has already worked several times as support or resistance. Add to this the CoT data, which indicates rising prices. Sugar is also supported by a potential trend line.
Learn more about the technical analysis, the CoT data and the futures markets in our premium service.
Medium-long inversion over sugar
You can enter long with stop under 13.56
On SBV17 - Oct '17 contract
LONG since 30/06/17
From 13,600
Flat Under 13,563
SUGAR SBV17 - Oct '17
CROC X1 - Support / Resistance - Multiday (TF - 1H)
R3 = 17.34
R2 = 14.28
R1 = 13.89
PIVOT = 13.80
S1 = 13.71
S2 = 12.51
Medium-long inversion over sugar
You can enter long with stop under 13.56
On SBV17 - Oct '17 contract
LONG since 30/06/17
From 13,600
Flat Under 13,563
SUGAR SBV17 - Oct '17
CROC X1 - Support / Resistance - Multiday (TF - 1H)
R3 = 17.34
R2 = 14.28
R1 = 13.89
PIVOT = 13.80
S1 = 13.71
S2 = 12.51
Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
44 COMMODITIES of Chicago, New York & londo (MA 100 & 200 inside bullish) @ drive.google.com
Best regards
Aaron
Central banks kept on printing money can have unwanted effect in the intrinsic value of money. With one of the function of money to store value and stock market was valued in fiat money (USD), we need to revisit what if S&P 500 valued in barter transaction with Sugar #11 (raw sugar).
For sure, who does not know sugar? Everyone use sugar. From the bottom to the...
Sideway action as the trend slope of the trend has become steeper.
Not saying the uptrend is over, but stalling, especially since RSI and Stochastik start to indicate some divergence.
Short call spreads seems to be good risk/reward IMHO.
Wouldn't be buying puts as the premium will deteriorate as long as the market doesn't sell off.
Looking for a bit more down (40 cents from current price) for ideal set up to long, but starting an initial position. Ideal: long @14.20, stop 13.20.
Can be finishing an A wave, or the C wave.
