Sugar HUGE GAINS - Macro bullish flip ✅ +19% partial profit taken at market price. Beautiful bullish reversal.
Ideally if we break above $23 we should be long and strong macro. So far, the weekly chart looks extremely bullish.
Sb1
Sugar: Knock Knock🚪The sugar price has now reached the upper border of the pink trend channel. It should now break through this line, as it should continue to rise significantly with the yellow wave b. We expect the high to be in the green target zone between USX 28.72 and USX 30.84, which will then allow for new declines.
Sugar: Almost there 🎯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.
Sugar: Already done? 🤔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, forming a bearish three-part pattern.
Sugar looking just about done.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.
Oh Sugar! SB1!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!
Sugar Futures ( SB1! ), H4 Potential for Bullish ContinuationTitle: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 23.86
Pivot: 21.89
Support: 21.02
Preferred case: Looking at the H4 chart, my overall bias for SB1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 21.89 before heading towards the resistance at 23.86, where the previous swing high is.
Alternative scenario: Price may head back down towards the overlap support at 21.02, slightly below where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Sugar Futures ( SB1! ), H4 Potential for Bullish ContinuationTitle: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 21.18
Pivot: 18.94
Support: 20.04
Preferred case: Looking at the H4 chart, my overall bias for SB1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 21.18, where the previous swing high is.
Alternative scenario: Price may head back down towards the overlap support at 20.04, slightly below where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Trading The Corrective Cycle in Sugar FuturesIn this update we review the recent price action the Sugar futures contract and identify the next high probability trading opportunity and price objectives to target
SB1! Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for SB1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 20.10, where the 50% Fibonacci line is. Stop loss will be at 20.49, slightly above where the 61.8% Fibonacci line and minor high is. Take profit will be at 18.94, where the 50% Fibonacci line is.
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Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish DropTitle: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 21.18
Pivot: 18.94
Support: 19.30
Preferred case: Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is.
Alternative scenario: Price may head back up towards the resistance at 21.18, where the 5previous swing high is.
Fundamentals: There are no major news.
Long Sugar SB1!We are long sugar futures.
Profitability rate = 34%
Average Winning Trade = 8.54%
Average Losing Trade = 3.23%
Average duration = 3 weeks
Commodity sugar idea (21/09/2022)sugar
The continuation of the correction in wave 2. on the sugar, and therefore to complete the correction pattern after the last rise, the rise may continue to prices of 19.06 at the level of 78% to end wave 2
SUGAR Will Go Up! Buy!
Hello,Traders!
SUGAR was trading in a falling channel
but now we are seeing a powerful bullish breakout
So I think that after the pullback and retest
We will see a further move up towards the target
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
✅SUGAR GROWTH AHEAD|LONG🚀
✅SUGAR is going down now
But a strong support level is ahead
Thus I am expecting a rebound
And a move up towards the target
LONG🚀
✅Like and subscribe to never miss a new idea!✅
🍭Sugar fever! Top of the trend ?● Sugar #11 - ICE (SB.F) 🕐 TF: 30D
Fig.1 USX lb (pound)
In Figure 1 , you can see the wave count from January 2021 . A continuation of the upward correction Ⓑ with the target zone 18.04-21.27 was predicted. At the moment, the set goal has been achieved, the corrective wave looks completed. The probability of resuming the decline by the final impulse Ⓒ of e of (IV) is high.
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● SUGARUSD - OANDA 🕐 TF: 1D
Fig.2
An alternative wave count is marked in black, in which the minimum of 2020 , the level of 0.9051 , corresponds to the top of the supercycle (IV) . This counting option will become more relevant if the subsequent series of ascending zigzags, which at this stage is marked as (W)-(X)-(Y) of Ⓑ , takes the form of a diagonal .
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● SUGARUSD - OANDA 🕐 TF: 4h
Fig.3
Provided that waves (1)-(2) are formed as part of the emerging bearish trend, the first of which goes beyond the top (X) and consolidates under the lower border of the rising channel, there will be a good prospect for a short position.
_______________________________________
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Sugar Futures ( SB1!), H1 Potential for Bullish RiseType: Bullish Rise
Resistance: 19.37
Pivot: 18.98
Support : 18.84
Preferred case: We are expecting the price to potentially rise from our pivot level of 18.98 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection towards our 1st resistance level of 19.37 which is in line with 50% Fibonacci retracement and 61.8% Fibonacci projection.
Alternative scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 18.84 which is in line with previous graphical swing low support.
Fundamentals: No major news.
Sugar Futures ( SB1!), H1 Potential for Bullish BounceType: Bullish Bounce
Resistance: 19.25
Pivot: 18.91
Support: 18.53
Preferred case: Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 18.91 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement towards our 1st resistance level of 19.25 which is in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projection.
Alternative scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 18.53 in line with a horizontal swing low support.
Fundamentals: No major news.
Sugar Futures ( SB1!), H1 Potential for Bullish BounceType: Bullish Bounce
Resistance: 20.32
Pivot: 19.96
Support: 19.81
Preferred case: We see the potential for a bounce from our pivot at 19.96 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 20.32 along with graphical swing high resistance.
Alternative scenario: Alternatively, the price may break our pivot structure and head for 1st support at 19.81 in line with 61.8% Fibonacci retracement.
Fundamentals: No major news.
Sugar Futures (SB1! ), H1 Potential for Bearish DipType : Bearish Reversal
Resistance: 20.69
Pivot: 20.41
Support : 19.86
Preferred case: We see the potential for a bearish dip from our pivot at 20.41 in line with 138.2% Fibonacci extension towards our 1st support at 19.86 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by stochastic indicator where price is trading near resistance level.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 20.69 in line with 161.8% Fibonacci extension.
Fundamentals: No major news
Sugar Futures ( SB1! ), H1 Potential for Bearish DipType : Bearish Dip
Resistance: 20.69
Pivot: 20.36
Support :19.86
Preferred case: We see the potential for a bearish dip from our pivot at 20.36 in line with Fibonacci extension towards our 1st support at 19.86 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is trading at resistance level.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 20.69 in line with 161.8% Fibonacci extension.
Fundamentals: No major news
Sugar likely going higher from hereSugar hasn't moved much in the commodity space but it looks like that's about to change
The quarterly chart is especially interesting as it's been bull flagging above a key historical level - the 18 cent mark, which also corresponds with the 50 week moving average support - so there's your risk perfectly defined. You could also argue it's flagging outside of a massive multi-decade symmetrical triangle (not as relevant imo but interesting).
Added more sugar at 14.36We were wrong in our analysis of Sugar previously, expecting it to correct with a H&S pattern before rebounding.
It simply defy logic and continues to charge higher so we added more at 14.36 where it find some temporary support.
If nothing goes wrong, then we can expect it to continue to revisit the high of 15.38 on 18 Feb 20. So, for those who missed our earlier calls to long Sugar at 12+ , I would suggest you not to come onboard now.
Chasing high price just to take revenge of a missed opportunity is NEVER a good strategy as the risk reward ratio is not great to begin with and also , the chances of a correction is getting higher as it goes higher.
Remember, in trading/investment, leaves your egoes aside and strictly see from the logical point of view. I know, it's easier said than done. Afterall, without the emotions of greed and fear, there probably would not be profits and losses as well......
