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Sugar Future - New York (Raw)Sugar Future - New York (Raw)Sugar Future - New York (Raw)

Sugar Future - New York (Raw)

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SUGARUSD, Double Top + Bearish H&S CombinationSUGARUSD is currently consolidating at the peak of its uptrend, with clear resistance and support levels at 0.12506 and 0.12110 respectively. However, the formation of a Double Top pattern, along with a bearish Head and Shoulders pattern against the backdrop of the 2nd leg of the Double Top, suggest a strong possibility for a bearish reversal. On the fundamentals, recent strengthening of the USD has seen commodities falling across the board. Possible bullish USD performance in the weeks ahead may see SUGARUSD breaking below support for a downtrend. Trade: Enter when price breaks 1 ATR below support, at 1.11946. Set stop loss 1 ATR above support, at 1.12274.
OANDA:SUGARUSDShort
by GeraldHwee
SUGAR Dady or Mummy ? It may be difficult to have a slice opinion on the evolution of the price of sugar. what i can say is that we are in bullish channel, but in fact it does not look too much like a bull flag, synonym of continuation of tandem. That is to say that we are still bearish on sugar. At court term we can come try the support 0.113 and 0.116 to bounce to join the resistance at 0.1258 consolidates above because we are on a good price compression. If the Diet Cola dominates the world and Nutella put less sugar in his step to spread out it will be good not to have enough momentum to break this resistance and also confirms a scenario decline. After the heat wave there will be more ice sold. In all because on this trend over several months there is time to prepare and intra-trade sugar.
OANDA:SUGARUSDShort
by NikolaiiLodenos
Sugar could become bitterThe price is lateralizing in this channel composed by the static support at $ 11.50 and the resistance identified by 78.6% of Fibonacci set at $ 13.15. This raw material, in the very short term, seems intent on retesting the high area of the channel just mentioned. On the weekly time frame it closed the week above the dynamic resistance identified by the EMA20 periods. In the short/medium term, on the other hand, the fundamental structure shows some signs of uncertainty. This idea is regarding futures prices, with an excess of stocks in Mexico. Normally that country does not propose itself as a major player in the international sugar market. Now things could change, with the nation that will be forced to increase exports to many countries, including the United States. This in order to drain the huge levels of stored product. INTL FCStone and S&P Global Platts have stated that in the 2019-2020 season, global consumption of sugar will exceed production and this is undoubtedly a good news for futures prices.   Sugar could become bitter and t he price should not be able to break the resistance at $ 13.15. The price should be pushed back on the support area around 11.50. We do not recommend any trade on this raw material, but the target areas are: in the very short term 13.15. in the short/medium term 11.50.
OANDA:SUGARUSD
by BFCMInvest
1
Sugar: Interesting uptrend here...I'm monitoring $SUGARUSD here for a weekly and daily long entry on retrace -if it ever comes-, otherwise paying up for it might be worth it, given how strong the chart looks. Could sharply rise from this juncture immediately after the market opens too. The targets on chart are the weekly range targets, corresponding to a Time@Mode signal active as long as we hold over 0.1236. The daily has a bullish trend as well, which kicked in on Friday. Entering at market or on dips would be a viable trade. Best of luck, Ivan Labrie.
OANDA:SUGARUSDLong
by IvanLabrie