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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DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
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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.
Sugar Buy IdeaSugar Buy Idea @ Daily Demand Zone (11.17 - 10.46)
Buy Limit: 11.19
Stop Loss: 10.43
Take Profit: 12.91
Risk Management = 0.01/$100
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:1.5 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit