I think that the indicator I have developed is working really well in sugar futures. From this point of view and due to the fact that sugar futures have a wedge, I think that there is an initial upside potential of 7% and then if the wedge is broken, I think that sugar futures can go up to $23.
Wait move up in channel to 0.213. Down channel. Wait target upper line. My target 0.50% Fibo.
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
Please use the position tool to guide your entry and/or exit into the position. I will update the idea whenever necessary. Look forward to more profitable trading signals. Happy trading: You're welcome!
ICEUS:SB1! Oh sugar! Looking expensive in my humble opinion! Lows: 24.25 Highs: 27.30 We had the bullish flag formation, ever since then we been riding higher but it's at key Fib area and resistance zone! I expect sugar to pull back a little to next lows. However, we could still reach 30 area! Have a great day ahead, Trade Journal!
The scenario is very simple: We have a double top on 4h time frame, and we need to wait for a breakout of the trend.
Price boost and upward momentum on Raw Sugar, after India declared that a downward revision on its sugar cane crush. Being the second largest manufacturer of sugar in the world, this news had a positive effect on the price of the raw material. Both MACD and RSI are confirming the current trend. If it continues, the price might reach levels of 25.539 As a pivot...
I'm a little late for this trade, but I feel it's not too too late. THis is the classic setup - you can see the recent high was 21 and the recent low is 19. Then price action bounced back up to hit 20 - the midway mark - If I had looked at this chart yesterday, I would have put a Sell Order in at 20 and I'd be in good shape already. Anyway, I put in a Sell...
Sugar market formed a parallel channel and a double bottom pattern. Target Price is 0.211. Enter at 0.20084.
#FOOD #SUGAR Cheap sugar is only in our dreams. At the moment, the accumulation phase is nearing its end. The technical figure "flag" begins to be traced, the exit of the market from which, according to the canon, should take place upwards. The first target will be the resistance level ~24. Its breakdown will send futures with a high degree of probability to...
Let's start with observing 2W chart, here we can see that: 1) price has been grinding across the trendline, which acted as resistance 2) following rejection at the resistance, we had a move down to ~0.174 range which formed a strong support 3) If the week closes at 0.18335 or higher, we have an official breakout from this sub-structure and impulse should take it...
Let's eat candy while watching sugar prices) * None of what i write here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose your money.
● Sugar #11 - ICE (SB.F) 🕐 TF: 30D Fig.1 USX lb (pound) In Figure 1 , you can see the wave count from January 2021 . A continuation of the upward correction Ⓑ with the target zone 18.04-21.27 was predicted. At the moment, the set goal has been achieved, the corrective wave looks completed. The probability of resuming the decline by the final ...
Hey Guys! Check this out... Bullish on Sugar. What do you think. Cheers!
Sugar hasn't moved much in the commodity space but it looks like that's about to change The quarterly chart is especially interesting as it's been bull flagging above a key historical level - the 18 cent mark, which also corresponds with the 50 week moving average support - so there's your risk perfectly defined. You could also argue it's flagging outside of a...
Look for this to move higher shortly or will it correct some more? I think we have another wave (V) up to complete this wave. But there is some bearish divergence building up on the RSI So I think there is another corrective wave (C) down to form a running or expanding flat
Expect SUGARUSD To Reach 0.20242.