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.
SUGAR : Follow the downtrend. Feel free to like❤, comment📝, share👫 and follow me for other analyzes🌍
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Wait for comfirm pattern (support 11,5 USD). Trend line was broken. Target 11 USD. Also MACD looks bearish.
🍦 The future of sugar futures looks sweet. Sugar futures have been trending well recently, with levels being constantly respected, so the chart is attractive from that perspective. It is especially attractive for the bulls given the current recovery on the back of the COVID correction. With that in mind, despite the bullish price action, this hot sugar chart...
Clear drop in the price and te break of the trendline - the price if below VWAP and we got volume on the short side
The pullback could emerge as a double three WXY as wave W already nears completion. Another drop then could follow in large wave C down.
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...
so what we see here now is a clear breakout from the last structure on the left and now looks to be forming a nice correction or the counter trend and i've marked the zone to buy from and this lines up with the support levels and 50% pull back everything lines up every well this is in my trading plan to take if anything changes then accept and change with it
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?
- Sugar id front of a great resistance which fights to break it. for the moment it is in a bearish phase if it doesnt break the level of (11) with power - For the moment there is a very high probability that the market will return to test the level of (9.60) . which is going to be an important support. - And if ever it breack it there is an 80%...