Sugar No. 11 Futures trade ideas

Genesiv

Type : Bullish Bounce Resistance : 19.88 Pivot: 19.01 Support : 18.56 Preferred case: Price is near the pivot level of 19.01 in line with 38.2% Fibonacci retracement and overlap support. We expect price to move towards 1st resistance level of 19.88 in line with 61.8% Fibonacci projection, along with a swing high resistance. Our bullish bias is supported by price...

UK_LEE

Sugar no 11 future may 2022 Buy limit 18.82 - 18.97 Stoploss 18.57 Take profit 19.75

Rockqet

Type : Bearish Continuation Resistance : 18.95 Pivot: 18.34 Support : 17.50 Preferred case: Price is near the pivot level of 18.34 in line with a 100% Fibonacci projection. We expect price to move towards 1st support level of 17.50 in line with a graphical swing low support. Our bearish bias is supported by price trading under Ichimoku cloud...

Genesiv

Title: Sugar Futures (SBK2022), H4 Bearish Reversal! Type : Bearish Reversal Resistance : 19.40 Pivot: 18.99 Support : 18.34 Preferred case: Prices are on bearish momentum. Prices might potentially move from pivot level of 18.99 in line with 100% Fibonacci projection and 50% Fibonacci retracement towards the 1st support level at 18.34 in line with 50% Fibonacci...

bitofamacroman Updated 

Chart pattern LT trend reversal, top end of calculated daily range using price volume and volatility, and setup forming. SL for me TBD depending on action here the next day or two.

dan68608

Major Pattern: Weekly Descending Channel A symmetrical Triangle on Daily Chart could confirm an up or down continuation Trigger Points: 18.68 or 18.14

georgelorid9

Absorption level at $18, I expect the price to rise at least to $19

dan68608 Updated 

Failure H&S confirms false breakout entry long on 9 Feb, stop intraday on 4H bar at 18.26, target 19.50

Boukhari_Abdallah

We sell the market in average degree due to the sellers entrance

anantadhungana Updated 

SB1! (SUGAR) is bullish. We are going for the Intermediate 5th of Primary C of the cycle be. For now, the target area is roughly $23.43 to $$24.80 which is 50% and 61.8% of fibo. This is the commodity market and in a commodity market, the 5th wave can be extended. For now invalidation level is $17.60 which is the 4th wave for now. DISCLOSURE - Please be informed...

dan68608 Updated 

direct entry with 0.33% on January 6th, which went to sleep on January 19th now we await a possible bearish breakout confirmation figure could it be a pennant?

Boukhari_Abdallah

Its a small postion on the sugar market its clear vision of buyers volume entrance

makuchaku

Sugar futures reacted off to a bullish rejection block on Weekly, creating a breaker+ on Daily. It'll be interesting to see how this plays out in next few weeks. Target is the liquidity up top of the range.

ViclreTrade Updated 

Bearish clues: - Triangle , breakdown with a strong bearish candlestick. - Below the neutrality zone on the Relative Strength Index (RSI < 50). - Breakdown of the 100 Exponential Moving Average , which was a good support. - Breakdown of the Modified Pitchfork. Fundamental news: (from Reuters) - The supply minister of Egypt released on...

Badcharts

Is silver was edible, it would be sugar! Check out the breakout for the 7 year rate of change.

MoeTrader01

I firmly believe raw sugar futures are set to continue their upward trend seen for months now. While they have consolidated for a time and recently dipped below temporary support, which could be mistaken for a trend breakout, I believe we are simply seeing a sell-off as a reaction to the futures having floated highly above the trendline for a long time. As pointed...

YevheniiZakhachenko

Good opportunity to buy sugar.On the picture I wrote why we should buy instrument above level 20.37$ .If you have some questions about this or another instruments you are always welcome to ask me.