Sugar could retest broken support before another dropThe pullback could emerge as a double three WXY as wave W already nears completion.
Another drop then could follow in large wave C down.
Sugar
Long $SGG Sugar ETF at 33.50 or 10.30 #Sugar Futures Spot PriceSugar and Brazil Relationship:
Since Brazil has been the leading producer of sugarcane in the world, the value of the Brazilian Real plays a significant role in the price of sugar futures. Weakness in the Brazilian Real against the US Dollar encourages Brazil's sugar producers to boost exports. The logic is that a lower Brazilian Real incentivizes Brazilian farmers to produce more sugar to export sell for US Dollars. However, it's likely that the Brazil Real will appreciate against U.S Dollar over the next couple months based on technical analysis and possible economic intervention from the Brazilian Government.
- U.S. Dollar/Brazil Real pairing or BRB index showing many downside trend change signals here such as bearish RSI divergence since early March on Daily chart. Weekly chart showing RSI and MACD curling down from record highs with Momentum also curling down but after a double test of highs
Growing Ethanol Demand:
In July 2019, India announced they will work with Brazil on ethanol production. Using more cane in India to produce ethanol, instead of sugar, could reduce the global supply of the sweetener. 32M sugarcane could be used to produce ethanol and electricity instead of sugar in the next year. The joint venture, named BP Bunge Bioenergia, will manage 11 cane processing plants in Brazil with capacity to crush 32 million tonnes of cane per year
- Higher crude oil/gasoline prices benefit ethanol prices and may prompt Brazil's sugar mills to divert more cane crushing toward ethanol production rather than sugar production.
- India and many other countries are boosting ethanol output for sanitisers on coronavirus pandemic
Supply Curbs:
In July 2019, India, the second largest producer of sugarcane, announced they will create a buffer stock of 4 million MT of sugar for 1-year starting Aug 1 in an attempt to limit supply and support domestic sugar prices. Also, further supply disruptions are expected in India due to Coronavirus Lockdown.
- The Indian Sugar Mills Association (ISMA) reported Wednesday that sugar production in India dropped sharply by -22% y/y to 23.27 MMT during Oct-Mar
- Sugar production in Thailand, the third largest producer of sugarcane, is expected to fall 28% to a nine-year low of 10.5 million tonnes in the current crop season as drought curtails cane supplies
India Sugar Subsidies:
In August 2019, Brazil, Australia and Guatemala have complained again to the WTO to set up dispute panels to rule on India’s sugar subsidies.
- A change in WTO trade dispute status to Panel Composed on October 28th supports the global price of sugar. This news catalyst increases the possibility of removal of India sugar subsidies. If removed, India sugar stockpiles could fall thus decreasing global supply. Now in April 2020, we can assume the dispute must be in the further into review process
Real-Time CashFlo Twitter Post:
twitter.com
SUGAR analysisHi friends
the SUGAR market chart shows that there is a very high probability that this stock will experience an upward trend in the coming days
for more information please contact me on
youssef.lyazidi5@gmail.com
Uptrend in sugar confirmed - buy opportunityIn my last post I indicated a great buy opportunity on sugar at 0.100. Now one week later, sugar is trading roughly 7.5 percent higher at 0.1075. We can see it forms a nice uptrend since the strong rebound at 0.900 price level, forming a support line with the support at 0.100.
We are dealing now with the previous local high of 0.108 early May, and we will battle with the 50 Daily EMA. However, the strong rebound, with the uptrend, breaking the downwards trend of the last months, makes me believe we will breach this level, catching attention of a lot of people.
Breakout will lead to stronger momentum and new high’s.
It’s still a good opportunity to get in now. Time it well and choose your own SL/TP levels.
SUGAR – Inverse Head and shoulder 🦐SUGAR creates an inverse Head and shoulder on historical support. As we know Inverse Head and shoulder is a common reversal sign after a long bearish environment.
We will wait a breakout on neckline and retest it with a nice volume and according with Plancton's signal we will set a nice long order
–––––
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
SUGAR - CHEAP for coffee! #COMMERCIALS LONGHi traders,
today´s analysis contains information about possible COT trade in the SUGAR. Commercials increased their Long positions, and we are near the extreme SUPPORT level - Edge of the Value area!
Sugar also created a nice REJECTION that confirmed our expectations. Do you remember "Buying tail" from the last videos? Sugar´s tail is one of the most beautiful ones.
Do I enter the trade right now? No!
I am waiting for the 123 pattern that is safer. It´s the last confirmation I am looking for.
Remember - trading is about connecting the dots. And that's what we do in the video.
Good trading,
Jakub
FINEIGHT
Long opportunity Sugar after <10 levels are clearly rejectedSugar.
It was in a clear downtrend from mid February. It tested the psychological level of 10.00 mid-april, broke through, found impulse-bounce support on 9.00, to go straight back to 10.00.
After 10.00, it broke out, and slowly retraced back to 10.
Since the impulse from 9.00 to above 10.50 went quick, and the retracement back to 10.00 slow, we can see assume a new impulse back up is likely.
Also, it seems we have broken the negative downtrend.
Since we are at the support of 10.00, broke the down trend and had slow retracement to 10.00 levels, now seems a good buy opportunity.
CFDs on SUGAR (SUGARUSD)Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
SB1! Futures Chart- Sugar id front of a great resistance which fights to break it. for the moment it is in a bearish phase if it doesnt break the level of (11) with power
- For the moment there is a very high probability that the market will return to test the level of (9.60) . which is going to be an important
support.
- And if ever it breack it there is an 80% probability that the market will move to (8.36)
SUGAR breaking out or not?We have to wait a bit before market shows direction, right now sugar broke out of bearish channel
and went all the way up to support of last time,
either we move further up ( in that case you can open a long )
if it drops we will see a retreat to the marked level.
my advice is wait 6-10 hours when market is open before you open the position.
When short TP is 0.1
When long TP is 0.113
Sugar buy or sellWe can open short positions if the support breaks and the price comes back for a retracement. In the alternative scenario, we can open long positions if we see reversal signs.
SUGAR FUTURES (SB1!) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
SUGAR FUTURES (SB1!) WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
SUGAR FUTURES (SB1!) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
"One day every one will own mobile phones/sugar/bitcoin" updateThey were very right about sugar. Since the 70s-80s, sugar consumption went absolutely ballistic, people became complete addicts as the substance is addictive and creates cravings for more, and add to that the idiotic advice clown "experts" gave to every one "fat bad fat make disease fat make you fat" so people felt good about droping fat food and adding sugar and businesses added tons of sugar and so on, world consumption went from 75 million tons in 1975 to 150 million tons in 2007 according to some source, this seems to agree with other data about per capita consumption I have seen. The pre 1975 increase did not stop, it actually followed the same trendline as previous, with world consumption growing at a sterady rate.
Buuut production simply grew too (actually prices are so cheap US producers get free money from the government), more people growing sugar, better tech so fields produce more, increased planetary CO2 levels that cause canes to grow faster stronger bigger better.
Right about demand. Rekt anyway :)
They were oh so right about mobile phones. Now every one even in mozambique owns a smartphone. Too bad Nokia isn't the only company making phones and they didn't find the huge success every one was dreaming of just because they had a few popular phones at the time. It reached a peak share price of $62.50.
At its peak Nokia was valued $300 billion. Microsoft bought the mobile phone branch which they later sold to a finnish company for £350 million. Nokia itself is valued around $15 billion, the share price never went back to ath and is now $2.75. Nokia never became this huge trillion dollar behemoth investors were hoping.
I was in high school in the 2000s, I remember the FOMO and every one wanted a nokia phone and was a snake expert (the garbage game that was on the phone).
In a cruel irony twisted outcome, Apple DID become the trillion dollar mobile phone behemoth :) REKT! Double rekt! Multi kill rekt! Hahaha!
Maybe the plebs are right about imaginary electronic money? No reason why it does not continue to develop itself.
But will bitcoin become a trillion dollar behemoth? That ridiculous ponzi? No way xd
"Experts" that work in crypto have a conflict of interest and want you to buy and really know finance well (like sargent pompliano that has no clue self proclamied expert), claim that it is really big and taking over and bla bla bla same old same old.
I piss myself when I see something like this from CNBC with POMP face on it "A crypto expert explains why bitcoin is a good hedge against global turmoil" I just die xd
Ian Balina that is a complete clown is "an expert". The high school dropout kid that bought crypto at 13 is an expert too, he is legit giving speeches with a public of hundreds of clueless idiots, he gets invinted to ted talks, to cnbc, and more. A dog on Twitter is an expert because he bought crypto in early 2017. Dozens of "finance guys that run hedge funds" are all of a sudden experts. People actually fall for this.
You're an expert! And you're an expert! And you! And you! Every one is an expert!
As an expert myself (I hold a title of engineer in electronic payments technically I'm an expert & I have a stronger claim to the title expert than any of them) I advice every one to stay away from this ponzi.
This clear ponzi scheme will continue its sucker rally, and have many more. But it will go down.
I completely expect another "BULL MARKET IT BACK" situation as explained here...
Follow the coronavirus & global situation...
Going to take a couple more months imo to be able to see it happen, and crypto investors get the burn they deserve.
If every thing (with global fears and spx500 and btc price action) goes as planned there might be a buy, althought maybe not if it's like 2018-2019 (where to enter? on a breakout? just fomo in blindly with no sotp? haha this is what noobs recommend and they are persuaded of being right).
A "bull market is back" short around 10k would be lovely! Maybe won't go that far, maybe will go higher, we will see.
HERSHEY: $154 takes the Lead WITH SUGAR at $14/tonHershey (HSY): $154 <-- $83 Kitkat, Kisses, Reese's ETC . this sexy stock rewards those loyal sweet tooth (+70%)
Mondelez (MDLZ): $55 <- $36 makers of our very own OREO NABISCO RITZ etc making decent gains of (+50%)
Tootsie Roll (TR) $$34 <-- $26 Frooties and Classic Tootsie that gave decent gains as well
the underlying asset SUGAR (+28%) provides decent life to PLANTERS TRADERS and DEALERS
for Local Philippines the SUGARLANDERS should be upsizing positions and leveling up lifestyles
with new MANSIONS CARS and lavish parties again..
Listed issues in the business of AGRI AGRO etc..
CAT: ₱16.0
ANI: ₱12.0
DELM: ₱5.0
VMC: ₱2.55
FRUITS: 1.80
RCI: ₱1.75
Sugar down to .1246 , Temporarily ShortLooking like the RSI got up there on the longer time frames, MACD rolling down on the 4hr. Blow off top formation? We have support and strong volume profile at around .1246- .1295 . Please do not confuse my ammature speculation with professional trading advice.
Sugar Futures long by Elliott Wave Theory.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Sugar most likely going downKey resistance level reached on a longer timeframe and overextension to the upside = Short opertunity
Very Good RR
Long Term Prospects for SUGARUSDThe SUGARUSD is in a correction of a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The 50 week ema is currently trending upwards slightly, though the long term emas are mostly flat, signaling accumulation/distribution. The price action appears to be finishing up the third of five waves up, coming against prior resistance, so a pullback is likely. Since this is a c-wave it should sharp and short in duration.
The Market is in a Bear Market rally on the daily, with price above the 50 ema which is above the 200 ema, but still below the 800 ema. Price is currently testing the 800 ema with the a-wave top a little above that at .13333. Both are levels the third wave of this c-wave could pull back from in a fourth wave. A measured move upwards for this c-wave would take price to 0.14178.
The Market is in a Bull Market on the 4 hour, with price above the 50 ema, which is above the 200 ema, which is above the 800 ema. Price would have to close below 0.13090 to be considered in an correction. The price action looks like it is getting ready to burst upwards to 0.13333 over the New Years week.
There is an opportunity here to short against overhead resistance when a top formation appears. The longer term opportunity is to buy the bottom formation from an upcoming pullback for a powerful up move to complete the c-wave.
This is my SUGARUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
