Sugar near a topBased on price action, sentiment and several indicators, a good SHORT opportunity is building here.
Sugar is in its 5th wave. ABC correction afterwards.
NFA.
UPDATE COCOA: moving the right direction PATIENCE that´s what we will need in this possible trade. We might not see final target, therefore watch out for incoming fresh news.
COCOA possibly heading for big short move COCOA is overpriced due to fundaments over the world. A slight correction would be welcomed. We might return back to the trend pattern. What's your opinion about this kind of charts ?
Be careful, commodities are volatile !
Sugar | Buy the dipHello friend!
in my opinion there is a high probability that sugar will bounce up from this zone. chart is a little messy i know.
Good luck & DYOR!
Long Coffee / Short Sugar: Soft Commodities Pair TradeI thought this one was pretty straightforward. Coffee looks PHENOMENAL for a long
Sugar looks yucky after the huge run-up and is a shortable soft commodity hedge
This stuff isn't that complicated. Supply issues get resolved in Sugar as they do in most commodities. Tbf I think Sugar is exhauste
📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
COTTON BUY Signal Supply And DemandSee chart above for analysis:
HTF:
-Trend = downtrend so any longs will be counter-trend and smaller risk + quick trade management recommended.
-Price inside HTF daily demand
LTF:
-confirmation 2.0 setup as there was no
quality confirmation created the first time price returned.
-Price broke down
COCOA - Bearish Volume DivergencePossible pullback in strong larger timeframe uptrend.
Confluence of weakening Volume and MACD indicators as price continues to make new highs.
Fundamentals still strong, though South America upping production to compete with West African dominance.
Sweet Opportunity in Sugar!Sugar is sitting at a major support now and there is a high probability for price to rise from this level.
Happy Trading!
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