Im short on macro time on SUGAR, just look at this chart...more timefrime means more accuracy so this is looking overbought so, i think the next step will be a distribution and after a corection
This is really a terrible trade, but I'm posting it anyway. High Risk SUGARUSD $SUGARUSD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
DJCISB $DJCISB $Sugar Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
I firmly believe raw sugar futures are set to continue their upward trend seen for months now. While they have consolidated for a time and recently dipped below temporary support, which could be mistaken for a trend breakout, I believe we are simply seeing a sell-off as a reaction to the futures having floated highly above the trendline for a long time. As pointed...
the 60 year view also shows that a big move is coming. But this smaller time frame also shows that a breakout is likely Observation and not financial advice. ML
with commodities going up i see sugar continuing his bullish rampage till the end of april, that corresponds at the end of this contract. i see it touching 20 before the closing of the contract.
bad harvest - demand is high -small of offers. what do you think?
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.
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.
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. 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...
Sugar is giving a very good opportunity to enter a long trade soon when we see a break of the bullish flag that was formed to retest the broken zone. Also rejected the 50% fib-level, we have a lot of confirmations here, don't miss the trade!
Still waiting on some bullish power after price retested and rejected the broken zone. Some crazy profits can be made if this setup plays out. Thoughts?
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...
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...