In this update we review the recent price action the Sugar futures contract and identify the next high probability trading opportunity and price objectives to target
Drawing a Fibonacci Retracement from the low of 17.36 made on Feb 3, to the high of 20.46 made on April 13, we have retraced 61.8% of the up move. 18.54 is that level, which was also the low of the day yesterday, May 4, 2022. This is the line in the sand for bulls, but considering it held, and we are about to poke our head out above the Ichimoku Cloud, the odds...
Hi traders, I have decided to record the educational video about commercials because I have received very good questions that are worth answering. Thanks Michal! Commercials provide information about WHAT IS GOING TO HAPPEN . Price Action is used for timing. That´s the biggest difference between those two worlds. I also describe how to set the COT Index and...
Hi traders, today´s analysis contains information about possible COT trade in the SUGAR. Commercials increased their Long positions, and we are near the extreme SUPPORT level - Edge of the Value area! Sugar also created a nice REJECTION that confirmed our expectations. Do you remember "Buying tail" from the last videos? Sugar´s tail is one of the most...