ICE NEW YORK SUGAR FUTURES continues performing as anticipated. 5 impulsive waves with the 5th one in progress. The 5th wave will perform in 5 sub-waves.
Sugar is undeniably more than just a sweet additive to our food and beverages. It's a global commodity, instrumental in shaping economies and triggering intricate financial behaviors. But what makes sugar a commodity? How does it interact with major economic poles like oil stocks or the inflation rate? Let's dive into the intricacies of sugar as a powerful market...
Global threats to production from El Nino weather and abundance of rainfall in top producing Brazil, coupled with rising demand for food and fuel production.
NEW YORK SUGAR continues performing as anticipated. After the completion of the wave 4 correction, the market resumed rally to complete the wave 5 of the same degree.
A rise has now occurred after the bears have pushed the sugar price a bit down again this week. Around the 78.60% retracement, we also expect the high of the green wave X. This high should now be formed calmly before a bearish three-part move below $20 follows.
The price of sugar has slightly decreased after reaching the desired range between USX 24.44 and USX 26.82. However, we remain cautious about assuming that the completion of the upward movement, represented by the green wave X, has occurred. To further assess this, we are affording the price another opportunity. Following this, we anticipate a notable decline,...
It is the case once again for the typical, alternating, virtually daily news bites, decrying "world sugar deficits", "Brazilian yield collapse (due to drought; El Nino)", "record Brazilian Real strength", "rising crude oil prices" versus "record Brazilian harvests", "strengthening USD" and "falling crude prices due to recession fears". The song remains the...
Analysis: Price extends to measured profit taking began retracing towards the support level at 23.68. Overall trend remains in a strong uptrend, thus, if price were to show any bullish or reversal signal at this support, long position can be taken. Long opportunity: Reversal confirmation at 23.68 support region towards 24.38 as Take Profit - 1 level.
Daily SB analysis A long position with the target and stop loss as shown in the chart The trend is up, we may see more upside All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments. He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or...
Daily SB analysis A long position with the target and stop loss as shown in the chart The trend is up, we may see more upside All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments. He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or...
Massive extremes on the PMARP. being a bit pre-emptive on this short since theres been no confirmation, only slowing momentum on the short timeframes. Large speculators are the most long sugar since august 2021, so its getting pretty crowded. Similair fundamentals to this as coffee, only more extreme on the COT side.
ICEUS:SB1! www.tradingview.com
ICEUS:SB1! Oh sugar! Looking expensive in my humble opinion! Lows: 24.25 Highs: 27.30 We had the bullish flag formation, ever since then we been riding higher but it's at key Fib area and resistance zone! I expect sugar to pull back a little to next lows. However, we could still reach 30 area! Have a great day ahead, Trade Journal!
Uber bullish setup for #gold #silver #sugar playing out while most are sleeping... paradigm shift breakout line Jolts in Sugar vs SPX creates bull era for Silver Silver takes off ABOVE this line
Sugar prices have soared this year, up +21.6%1 owing to concerns about tight global supplies. Lower Indian supply coupled with weaker than expected output from Thailand, (at the second and third largest sugar exporters respectively) continue to provide a tailwind for sugar prices. While Brazil’s harvest in the coming months is expected to be strong, logistical...
falling for decades, sugar has been a poorer investment than gold
Daily SB analysis A long position with the target and stop loss as shown in the chart The trend is up, we may see more upside All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments. He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or...
Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation! Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that. Bearish: Here for the bearish operation we are...