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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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Sugar 11 buy oportunity for the long term.Hello Traders, The tarif war between USA and China and the FED interest rate hikes made the price of commodities very cheap during 2018 and i'm expecting a reversal of thisfor 2019. We are at the end of the year and all the fundamentales are pushing for end of the trade war and the Fed is going to be neutral next month, in fact tomorrow will be the 1st day of the G20 summit where Trump and XI are going to meet and both man are willing to put end to the trade war. Technically the Sugar11 has made a strong impulse for the bottom announcing new bullish waves will come, I'll be watching it for buy and hold. This is not an investement advice, it for educational stuff. Never expose more that 2% of your capital to the market. Best Regards
OANDA:SUGARUSDLong
by UnknownUnicorn3865496
Sugar/USD - sweet bullish signals - good risk/reward ratioThe sugar price has broken the old trend line and with that the old bearish trend. I have drawn the new trend line which should be followed by an 1-2-3-4-5 Elliot Wave if the new trend line does not brake within the next week. 50D moving average has given strong bullish signals. RSI & Stochastic RSI are both bullish and have a lot of space to grow. MACD is giving small bearish signals but still no crossing of the two important base lines (orange and blue lines). Bollinger bands reached downside, rebounce to the upside should follow soon. I entered the market yesterday at 0,118 and set my take profit at 0,156. As soon as the price reach 0,135 (and brake this resistance) I will move my stop loss up to 1,129
OANDA:SUGARUSDLong
by DK_Investment