Sugar 11 buy oportunity for the long term.
Updated
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
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
Note
Retracement on the $ next week will give the Sugar more room to expend to the upside.Note
Impulse is building on the bottom.Note
Unfortunately the impulse did not continue for upside and it's going to make a side way pattern,I 'll be buyer at the bottom of the channel, if there is a strong signal.
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