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Sugar

Sugar Is MAD! Time to calm down, but just for a bit! After a huge sell-off it is time for the sugar to shine. We have a big 1 week candle and huge 1 month candle so far. But as it grew so fast and furious it needs to calm down a bit. I am proposing a trade based on RSI and closing top of the channel and 13$ . In the upcoming week we will move in the area of 12-13 $. Short: 12.7 - 13 area (I have opened a short, and open another one if we go up) Stop Loss 13.1 Target1 11.8$. Target 2: 11.5$ Timeframe - 1-2 weeks . We will keep the big monthly green candle! When we hot 11.8 I will go green for chasing the 15$ next month! Good luck!
ICEUS:SB1!Short
by SlaviToskov
Sugar (SUGAR/USD) Daily Chart Analysis 10/1Commodity Analysis, Implications and Outlook Sugar currently is stuck in a multi-year downtrend. Nevertheless, the decline to the long-term outer Sugar Dip $0.08955 area produces the potential for short to medium term bullish action. Following this bounce, we expect to see the Sugar market to continue the downtrend right up until extends to its historic new support. Except for a strong bullish move, we predict Sugar to rally to the Key Resistance $0.108 4. At this stage, bears will more than likely declare their dominance and protect the downtrend resistance. The touch of the Key Resistance will set off the resumption of the downtrend...More
OANDA:SUGARUSD
by TradingSig
LONG SUGAR @ 10.48Technical Analysis: - Double Bottom at 10.45 from August 2015 - Oversold on daily/weekly timeframes - Retest of 5monthSMA likely @ 11.50 Fundamental Analysis: - Look for Brazil Real bounce against USD - this will lead to less selling for $ and more domestic demand in Brazil - Higher lows since 1985 reflecting growing demand - Higher energy means more domestic demand in Brazil - El Nino Weather Pattern could damper production in Brazil and India
SLong
by CashFlo_Trading
2
Sell Sugar. 40% move opportunity1. Sugar seems to be completing 4th wave of the down move. 2. 4th wave has (slightly running) flat structure. 3. It looks on the chart and in particular on MACD that last 4-5 weeks it is incapable to move significantly up from the bottom of the range. It seems ready to break down. 4. Previous month volume spike on big red candle also supports the idea of selling sugar. 5. 5th wave target should be about 0.61 of 1-3 waves move calculated from the top of wave, therefore it is about $0.082, ie it is ~40% move.
OANDA:SUGARUSDShort
by Kupitman