wait for the MACD cross - and then going long

Hi all,

Waiting for the MACD cross before I enter the long trade.

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seeing the wider perspective:

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The 30 min chart MACD have crossed - be ready to go long - expect trade to be active soon.

Trade active

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Most of the brokers are expecting sugar to drop down.
I see it a bit different - I still expect it to climb higher - before going down.

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Waiting for the breakout anytime soon

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I will issue a little warning - as the USD/BRL are having quite impact on sugar.
Last day - we had a drastic increase in USD/BRL - which could influence sugar and give it sligth knock down today.
I am still expecting it to break through the tunnel and make a climb upwards - but it might go down before it will happen.

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Some would argue, that the increase in USD/BRL would help the Brazil producers and have a positive impact on sugar price - but fact is, that looking at longer peroiod, the sugar decrease with almost exact same degree as USD/BRL increase

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So - watch out the coming days and follow the USD/BRL as well.

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Happy New Year Traders.
Finally - we got the breakout. A lot later than I expected - but now it is there.

Expect some corrections the next couple of days - before we will see it go even more bullish.

Chart to follow:

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lynersen

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