Sugar setting up!!Hello friends Watch sugar here as it is pulling back from weekly kijun and resistance zone. What do we have: -Kumo twist on daily -Chikou above price -Breakout with price pulling back -Tenkan and Kijun rising -Macd is crossed up I am looking for long entry with target to highlighted resistance area above. near 0,15. Let's see how this one plays out. Thank you for the readLongby xChampi0nx1
SUGAR One more move down is possibleA strong break up will invalidate setupShortby Falco_FrancisUpdated 4
BUY SUGARPros Double bottom First high low Test of the last Weakness of the dollar this week. Above the uptrend on the weekly timeframe. Bullish on longterm. Correction of 38.2/50 of the last bearish wave. Cons The objective of the formation is too aggresive. The commoditie index is at a resistance level + divergences. Countertrend on daily timeframe. Strategy Buy when the price break the resistance level at 0.116. I prefer to manage the stop dinamically, moving it to the last low, instead of wait for the whole TP. The position is too aggresive. Longby pecpecUpdated 2
Watching closer now...Watching for a decline off of the upper resistance line, drop to support near .11 (making a higher low), then there could be a breakout above resistanceby wallstUpdated 0
SUGAR bounce at Trendlinestill in sharp downtrend, not sure if this is only a correction or a reversalLongby meitshelUpdated 1
SugarThere is a bullish divergence on weekly chart. If price will break the ascending trendline it will confirm a new uptrend.by UnknownUnicorn16767230
Sugar is going to be bearish for upcoming 1-2 daysNot going to bore you with lines and patterns. Sugar is going to be bearish for next 1-2 days. Thank me when it does. Very unlikely chance it doesn't you get an easy haha moment. I will be bearish following the Daily Chart on this instrument. 5 and 50 is your friend. SL: 0.12227 TP: 0.10481 I am not a fortune teller so take these speculations as pure entertainment. Trading has great risk so trade responsibly.Shortby UnknownUnicorn1299022Updated 1
Sugar: Now Looking For A BottomComments on the chart. NOTE TO SELF: If the market is going well milk it for all it can giveby Olu1
Sugar about to bottom but not a significant rallySugar does look is about to bottom in about 1-2 weeks from now , however we do not expect it to rise before the previous cycle highs at 14.60ish Most probable thing is it will correct below these levels , and start correcting again. We do not see a significant rally in the near future .by Kontoeidis19890
Indicators oversold, current resistance testing the 618 fibMove up from here could take it to .12995. This downward move hit the 618 retracement. Watch for a break of the downward sloping resistance.by wallst1
Higher supply forecast bearish for SUGARUSDInternational trading companies forecast an increase in Indian and Thailand sugar production. Rabobank estimates Indian sugar output will be 4.0 million tons higher at 31.7m tons in 2017-18. The estimate for Thai output was raised by 900,000 tons to 13.5m tons, and the forecast for European Union production in 2017-18 was upgraded by 400,000 tons to 20.9m tons. Rabobank also upgraded by 3.3m tons to 4.3m tons the sugar output surplus in 2018-19 in its first forecast for the world sugar supply and demand balance. Higher global supply is bearish for sugar price. On the daily timeframe SUGARUSD is trading with negative bias after hitting ten-month high in the end of November. The Donchian channel gives a neutral signal: it is flat. The MACD indicator gives a bearish signal: it is below the signal line and the gap is widening. I expect the bearish momentum will continue after the price closes below the lower Donchian bound at 0.1226. A price point below that level can be used as an entry point for a pending order to sell. The stop loss can be placed above the upper Donchian bound at 0.1295. After placing the pending order the stop loss is to be moved to next fractal high. Thus, we are changing the profit/loss ratio to the breakeven point. If the price meets the stop loss level (0.1295) without reaching the order (0.1226), we recommend cancelling the order: the market sustains internal changes which were not taken into account. Technical Analysis Summary Position Sell Sell stop Below 0.1226 Stop loss Above 0.1295Shortby Vigilant3
Sugar on the Rise this MonthNot sure if you're into flipping Sugar LOL. I suspect sugar to go up this month and will be monitoring using the Daily Chart. Entry - 0.1240 Take Profit - 0.1410 Stop Loss - 0.1140 I am not a fortune teller so take these predictions as pure entertainment. Trading has great risks so trade responsibly.Longby UnknownUnicorn1299022Updated 2
SUGAR USD Good Doji formation forming with Support line. Another reason is that, the low of <--- has been taken out with a long wick. Which might be seen as big institutional player clearing stop losses that might be placed around that area before moving the prices up for best entry. Looking at better price entry for 1:2 min Risk reward. Seems like this week is a commodity play Longby ZanderGohUpdated 2
Sugar long preferedA Bigger Price range is obvious and we are just sitting on the bottom right on the support zone which could offer a nice long entry after a certain price action signals . Something like a break n close through a h4 flip zone here would give me confidence and confirmation to enter a long position . A break of the 200 ma would also be a nice sign for me that we see some action in direction north.Longby Trueman231