SUGAR WHITE LONG - Buy Entry - D1 ChartSUGAR WHITE LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: SUGARWHITE
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 563.95
TP - Resistance @ 586.58
Support @ 524.68
Support @ 528.00
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Sugar
Sugar Futures (SBK2022), H4 Bearish ContinuationType : Bearish Continuation
Resistance : 18.95
Pivot: 18.34
Support : 17.50
Preferred case: Price is near the pivot level of 18.34 in line with a 100% Fibonacci projection. We expect price to move towards 1st support level of 17.50 in line with a graphical swing low support. Our bearish bias is supported by price trading under Ichimoku cloud indicator.
Alternative scenario: Price may break our pivot structure and head for 1st resistance level at 17.50 in line with 38.2%.
Fundamentals: No major news.
Balrampur chini is getting more sweeterBalrampur chini is giving range consolidation breakout.
Can see 550 in coming days
Weak below 450
Sugar: Symmetrical TriangleMajor Pattern: Weekly Descending Channel
A symmetrical Triangle on Daily Chart could confirm an up or down continuation
Trigger Points: 18.68 or 18.14
The FED Roach InfestationMoney supply expansion is like roaches. It goes everywhere you don't want, and nobody can control it.
Plotted here is the money supply to futures ratio of soy, wheat, corn, and sugar. We have the potential to see a massive increase in food speculation, simply because it's not risky. When equities burst, the money goes anywhere it can. So we should expect a breakout here unless the fake money kicks back into gear.
SB1! (SUGAR) BULLISHSB1! (SUGAR) is bullish. We are going for the Intermediate 5th of Primary C of the cycle be. For now, the target area is roughly $23.43 to $$24.80 which is 50% and 61.8% of fibo. This is the commodity market and in a commodity market, the 5th wave can be extended. For now invalidation level is $17.60 which is the 4th wave for now.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#SB1! #SUGAR
Shorted SugarShorted some sugar, based one previous resistance and top of rising wedge, will keep SL tight. Look for retest of lows as indicated
* Prices shown in this chart is based on OANDA, price might differ from the product traded and brokers. However the underlying principles are the same
Could Sugar start an Uptrend? I think soCommodities are known for their easy to follow trends and Sugar here might be starting a long trend.
Sugar : BullishSugar futures reacted off to a bullish rejection block on Weekly, creating a breaker+ on Daily. It'll be interesting to see how this plays out in next few weeks. Target is the liquidity up top of the range.
Sugar Stocks in NSE in rallyMainly goverment initiatives in NSE market gives a boost for Sugar sectors.
Here what i see is in the 7D chart when there is a long trend started it goes for several candles (history)
As i now see there is a blue (long candle ) this trend will continue . We may aim for 30+ in few days.
$MSM with upside potential of 70% ??
Technical Wise:
After breaking out of the downtrend, it has been consolidating with healthy volume. Price also moving in higher low while the share price holding above 200-EMA. With this formation, I am expecting to see the price to challange recent high again and has upside potential of 70% which can meet RM 2.7, in mid-to-long term.
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I believe Malaysian sure has clues of brand of Gula Prai, and the company behind that is MSM, which they produce produces, markets and sells refined sugar products. After years down-trending, finally the share price finally break made a comeback in after FEB2021 , followed by good financial turnaround for 4Q2020 after 2 years of loss-making.
I remain bullish with the counter as the trading setup has sparks my interest. On its prospects wise:
🍬 The positive earnings can be sustained as the recovery of domestic sales as economy reopens and more socioeconomic activities leading to more product consumption including sugar.
🍬 Room to grow for the current utilisation rate of 47%, which the company aimed to grow the rate above 50% as mentioned in AR2020. This shall better improve efficiency and result in lower refining and production cost.
🍬 Increasing exposure potential in exports would benefit MSM, as the global sugar retail price has gone up. This put their exports segment to better margin given that they are able to sell at higher price. As in Malaysia, sugar price has capped at ceiling price of RM 2.85 per kg, if any news to revise the capped price would be good for MSM in general.
🍬 Good hedging position in raw sugar price. As the global raw sugar price has gone up to 19usd, it would not reduce MSM margin because the group has fully hedged its raw sugar for 2021 at 0.13-0.14 usd/lbs while 85% of for 2022 at 0.16-0.17 usd/lbs. It can secure better margin for MSM.
SUGARUSD Target Price 0.20294SUGARUSD Ascending Triangle; Symmetrical Triangle; Exponential Moving Averages; Trend Lines
SUGARUSD Hit Take Profit (2021/11/11 Trade Idea)I still have one open position and trailing my stop loss.
Uttam SugarsLikely to follow uptrend changed in MACD consolidation yet Break out
Target 1 - 243.30
Target 2 - 267.80
SL -170.90
SUGARUSD (Watch Price Level 0.19318)If a candlestick closes below 0.19318, then I will exit my long positions. A double top pattern formed on the chart which indicates a reversal.
SUGARUSD (Sugar) Target Price 0.19966SUGARUSD Entry at 0.19082. In the chart shown below, I used the symmetrical chart pattern to enter early. I entered before the planned breakout at price level 0.19318.
The chart shown below is the current status.
SUGARUSD 2021/11/04 Trade Idea In ProgressSUGARUSD. As expected, SUGARUSD Market closed above price level 0.19318. First entry was on 11/04/2021. Next entry will be on a Pull Back.
SUGARUSD Target Price 0.20352SUGARUSD. Wait For A Close Above 0.19318. Wait For Price To Close Above 0.19318. After the close, watch for a price action signal.
SUGARUSD Descending Parallel ChannelSUGARUSD. Wait for price to close above or below channel support & resistance before entering.
Sugar (Sugar No. 11 - May 2022) set to continue the trendI firmly believe raw sugar futures are set to continue their upward trend seen for months now. While they have consolidated for a time and recently dipped below temporary support, which could be mistaken for a trend breakout, I believe we are simply seeing a sell-off as a reaction to the futures having floated highly above the trendline for a long time. As pointed out on the chart, the recent sell-off is of a magnitude similar to earlier sell-offs, and furthermore, we are resting firmly on the trendline. However, the risk of a trend breakout is significant and I recommend a tight SL at 18.45. On the other hand, should my hypothesis prove right, enjoy the ride and take profits at your own discretion.
Buy sugar higher 20.37$Good opportunity to buy sugar.On the picture I wrote why we should buy instrument above level 20.37$ .If you have some questions about this or another instruments you are always welcome to ask me.
