SB1! trade ideas
Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish DropTitle: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 21.18
Pivot: 18.94
Support: 19.30
Preferred case: Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is.
Alternative scenario: Price may head back up towards the resistance at 21.18, where the 5previous swing high is.
Fundamentals: There are no major news.
SB1! Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for SB1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 20.10, where the 50% Fibonacci line is. Stop loss will be at 20.49, slightly above where the 61.8% Fibonacci line and minor high is. Take profit will be at 18.94, where the 50% Fibonacci line is.
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Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish DropTitle: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 21.18
Pivot: 18.94
Support: 19.30
Preferred case: Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is.
Alternative scenario: Price may head back up towards the resistance at 21.18, where the 5previous swing high is.
Fundamentals: There are no major news.
Jan 11,22-Sugar-Nice Selling SetupI'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 ORder for 19.5. Obviously if price action continues to rise this week and it hits 20 again, I will move my Sell Order up to take advatage and sell at 20.
Price should drop down to 18 or so by end of Jan.
Heiko
Daily SB analysisDaily 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 request for analysis, contact me
Entering long in Sugar futures We have entered long in Sugar futures.
This position is not validated with all the patterns of our TTW system, so the percentage of liquidity assigned to the series of positions is very low.
Using our algorithmic trend-following system, Sugar futures are at 3-year highs, with an RSI of 63.57 on the weekly chart, and 65.64 on the monthly chart. The asset has broken one horizontal resistance and is above the 210, 70 and 14 SMAs, with a crossover between the 14 and 70 SMAs.
We have targets around 24 in the coming months, but there is a high probability of a pullback.
In the event of a pullback, we could re-enter.
Position :
Entry: Market price
Guaranteed trailing stop loss: 0.4% of the portfolio.
Target: 24-25.
Financial Engineering: Futures (without OTC derivatives)
Channel Up and M Pattern (Bullish Bat)This is an example of Channel Up and M Pattern (Bullish Bat).
Found that M Pattern (Bullish Bat) within Channel Up.
Pattern already touches PRZ (orange) and completed TP1 and TP2 (lime).
Indicator used :
1. Regression Channel Alternative MTF
2. HH-LL ZZ
3. XABCD Harmonic Pattern Custom Range Interactive
Sugar Surging Higher!Sugar prices have been surging higher over the past week, rallying off the lows near 17.50 from the end of October, and is now looking to try and take out the April highs. These moves higher have put Sugar in overbought territory, and it is a seasonally bearish time for Sugar, meaning Sugar has traded lower from November 11th to December 7th 13 out of the last 15 years. Near term supply issues have made the market move higher, but the output is expected to be strong this year longer term. If supply does continue to look weak, the market can look to takeout the April highs, but with the seasonal trend there is a probability of prices declining.
SUGAR - buy positionit seems that sugar is going to conquer new heights.
With this situation, in my opinion, inflation will grow again (caused by external factors) and the scenario of inflation stagnation, which is less likely to happen due to weak inflation reports, will become the main scenario again. the reason why I constantly emphasize buying gold is this. Is.
in my opinion, this drop in inflation that you see is the last drop in inflation before its final peak, which led to the collapse of the criminal system based on market manipulation by central banks and has been ruling since the early seventies.
the future of the world economy is a globalized but decentralized economy based on the real ability and merit of countries, companies and economic actors, in which, of course, cryptocurrencies will play a prominent role.
#MahsaAmini
Daily SB analysisDaily SB analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
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 request for analysis, contact me d stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
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 request for analysis, contact me
Sugar Fighting The TrendlineOctober Sugar has been climbing off the August 1st lows after the collapse we saw from July 18th highs near the 19.50 level. Overall, the market has been trending lower with lower highs and lower lows and has pivoted to the downside again after testing strong resistance near the 200-day moving average and the .382 retracement level. There is also a nice trend line trending back to January of 2022, and we are back trading below that level again. To the downside, there is strong support near the 17.40 level, and a close below here could be a catalyst for sellers, and the bulls will look for a close back above the trendline to invite buyers.
SUGAR Will Go Up! Buy!
Hello,Traders!
SUGAR was trading in a falling channel
but now we are seeing a powerful bullish breakout
So I think that after the pullback and retest
We will see a further move up towards the target
Buy!
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