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...
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.
hy my dears sugar is going up with an important volume of buyers and a spring box that means that they are no more sellers and the turn now for buyers
dont pay attention to the stop loss an take profit the position will be closed manually.
Lets take a look at Sugar Futures and related news. Read for educational content that can benefits us with profitable trades and in time reaction to any market trend direction changes.
Sugar looks exhausted, reached to major resistance at FIB 0.786 and Forming divergence rsi .
Now I expect for pull back
TP1 - FIB 0.382, EMA 20
TP2 - EMA 50
SL- 18.03
MACD almost crossing short
Price way above pivot levels this week so far
Price getting pressure from PSAR
Waiting for price to cross 90 HMA then ride it down
Sugar will have an awful hard time to go any higher here, climbing into multi-year major resistance. A sustained decline should take Sugar substantially lower into year's end.
Ample grain and bio-fuel stocks are also a prelude to an over-supply imbalance. (Not to mention substantially lower crude oil prices on the horizon.) This is a low-risk spot to initiate a ...
The buying spree at 17/05 NY open didn't make the market move very much. Instead, it creates volatility in the Sugar market. Therefore, I believe the Bulls are just not there to defend the market and a breakout should occur soon.
Trailing Stops should be used when the price hits 16.62.
