Sugar: Interesting uptrend here...I'm monitoring $SUGARUSD here for a weekly and daily long entry on retrace -if it ever comes-, otherwise paying up for it might be worth it, given how strong the chart looks. Could sharply rise from this juncture immediately after the market opens too.
The targets on chart are the weekly range targets, corresponding to a Time@Mode signal active as long as we hold over 0.1236. The daily has a bullish trend as well, which kicked in on Friday. Entering at market or on dips would be a viable trade.
Best of luck,
Ivan Labrie.
Sugar
POSSIBLE SHORT SETUP?Sugar looks to be forming a short setup due to double-top and indecision around ichimoku cloud. Short setup is not yet confirmed as market has not given a clear direction as of yet but this is one to keep a close eye on for drop to targets identified by yellow lines in chart.
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Sugar Bull Flag Break Out BUY Sugar has broken out of its Bull Flag and its in an uptrend that could continue.
I have a bull limit in case we see an initial retest and a buy stop which
is where silver finds good support to continue its uptrend.
Buy Limit: .120
Buy Stop: .124
1st Tp: .129
2nd Tp: .135
3rd Tp: .149
STOP LOSS: .11251
Sugar (SUGAR/USD) Daily Chart Analysis 11/6Technical Analysis and Outlook
Sugar prices are closing steady to lower nearer the Mean Support 0.1236 each trading day. Profit taking may pull down the soft commodity to Key Support 0.1194 following striking a four-month high $1333 on Oct 24. The bears hold the over-all near-term technical edge, while, awaiting Sugar Dip $1165 to be fulfilled.
Sugar (SUGAR/USD) Daily Chart Analysis 10/28Technical Analysis and Outlook
Sugar closed lower on Friday confirming intermediate Sugar Rally with Key Resistance 0.1312 . Expect profit taking pull down the soft commodity to Mean Support 0.1236 . Currently, the bears hold an over-all near-term technical edge, since the prices are in a retreat.