COT - Sugar 11 - Long
Comments: this play can be rushed, because the levels of both cot indexes we monitor are still low. We want anyway to enter because:
- the speed of the drop was very fast (price % change / time of the change in weeks)
- net position change speed was very fast (net position % change / time of the change in weeks)
- for the very good r/r at this price level
Cot 3y: 51.8
Cot 6m: 51.8
Rsi: bullish divergence
Price: multiyear support
Entry: 10.43
- the speed of the drop was very fast (price % change / time of the change in weeks)
- net position change speed was very fast (net position % change / time of the change in weeks)
- for the very good r/r at this price level
Cot 3y: 51.8
Cot 6m: 51.8
Rsi: bullish divergence
Price: multiyear support
Entry: 10.43
Trade active
Cot report increased net longTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.