Global threats to production from El Nino weather and abundance of rainfall in top producing Brazil, coupled with rising demand for food and fuel production.
NEW YORK SUGAR continues performing as anticipated. After the completion of the wave 4 correction, the market resumed rally to complete the wave 5 of the same degree.
A rise has now occurred after the bears have pushed the sugar price a bit down again this week. Around the 78.60% retracement, we also expect the high of the green wave X. This high should now be formed calmly before a bearish three-part move below $20 follows.
Here are some information that can decrease coffee price in the short term:
A bumper crop of coffee beans: If there is a bumper crop of coffee beans, this will lead to an increase in supply and a decrease in prices. This is because the market will be flooded with coffee beans, which will drive down the price.
A decrease in demand for coffee: If there is a...
4 hrs CS showed movement with 3 continuous of Bullish Engulfin means strong movement for an uptrend. Breaking the EMA 100 and EMA 200 with a strong CS is also a sign of trend change from a bearish to a bullish trend with continuous movement.
Here are some recent information that have increased cotton prices:
Drought in Texas: The US state of Texas is a major cotton producer, and the ongoing drought in the state is expected to reduce cotton production by 2.5 million bales in the 2023/24 season.
Reduced cotton production in China: China is the world's largest cotton producer, but the country is also...
Prices trade with higher high and higher low formation. The formation is considered as positive. Based on chart structure prices will move with positive bias. 12800 will be crucial support for the prices. On the higher side, 13500/13600 would be possible targets.
The price of sugar has slightly decreased after reaching the desired range between USX 24.44 and USX 26.82. However, we remain cautious about assuming that the completion of the upward movement, represented by the green wave X, has occurred. To further assess this, we are affording the price another opportunity. Following this, we anticipate a notable decline,...
Orange Juice is a clean way to define a couple of key things:
-- Weather forecasts
-- Inflation
-- Supply shocks
-- Global trade
Recently, I've taken note that OJ futures have skyrocketed more than 200% in the last 3 years. I was so surprised in fact, I had to look at it versus other commodities, which have seen a mild bounce (Wheat, Oats). And bigger spikes...
Orange Juice is a clean way to define a couple of key things:
-- Weather forecasts
-- Inflation
-- Supply shocks
-- Global trade
Recently, I've taken note that OJ futures have skyrocketed more than 200% in the last 3 years. I was so surprised in fact, I had to look at it versus other commodities, which have seen a mild bounce (Wheat, Oats). And bigger spikes...
8.2.23 This video Is about coffee which is found buyers and will probably go higher. This Market is a good exercise in drawing range boxes and that's the main reason why I posted coffee because I wanted Bobby to draw some range boxes from the past. and we mixed in a little bit of Extensions as well. My range boxes won't make any sense unless you go through an...
It is the case once again for the typical, alternating, virtually daily news bites, decrying "world sugar deficits", "Brazilian yield collapse (due to drought; El Nino)", "record Brazilian Real strength", "rising crude oil prices" versus "record Brazilian harvests", "strengthening USD" and "falling crude prices due to recession fears". The song remains the...
Analysis: Price extends to measured profit taking began retracing towards the support level at 23.68. Overall trend remains in a strong uptrend, thus, if price were to show any bullish or reversal signal at this support, long position can be taken.
Long opportunity: Reversal confirmation at 23.68 support region towards 24.38 as Take Profit - 1 level.
══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
looking for some pullback
as you can see in the chart
looks juicy for a quick short
due to quite serious resistance above
your comments are more than welcome
Daily SB analysis
A long position with the target and stop loss as shown in the chart
The trend is up, we may see more upside
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or...
If trend go across 89.08 lining , this trend will be bullish and it should test resistance line .
if trend pass 76.90 line ,it would test this 76.90 level . it will be reversed bear trend
