Renuka Swing Tradeprice is at a crucial support point which includes the following.
50 EMA,
.618 FIB RETRACEMENT,
AND TRENDLINE SUPPORT.
WAIT FOR THE PRICE FOR FURTHER decisions before taking position into the stock
Sugar
SUGARUSD EMA 10 EMA 20 Rejection Candlestick and TriangleSUGARUSD. Watch how Sugar responds to the trend line after the symmetrical triangle breakout. Entry at the intersection of trend line and EMA 10 EMA 20 with rejection candlestick wick. In the this technical chart there is a TREND, Diagonal LEVEL, and SIGNAL.
Commodities - Accumulation in Inflation Expectations ContinuingOne to Watch as it breaks out and look out above.
Trading the Break.
MSM - Downtrend Line BreakoutMSM - Changes direction from breaking the downtrend line. Pending Resistance to break at 1.41.
Sugar Futures and related news.Lets take a look at Sugar Futures and related news. Read for educational content that can benefits us with profitable trades and in time reaction to any market trend direction changes.
Is it a good time to sell some SugarThe buying spree at 17/05 NY open didn't make the market move very much. Instead, it creates volatility in the Sugar market. Therefore, I believe the Bulls are just not there to defend the market and a breakout should occur soon.
Trailing Stops should be used when the price hits 16.62.
SUGAR : ANALYSIS 1D TIMEFRAME - PRICE READY TO GROW ! 🔔 Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
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bullish sugarwith commodities going up i see sugar continuing his bullish rampage till the end of april, that corresponds at the end of this contract. i see it touching 20 before the closing of the contract.
Sugar long - a fibo ret. discussionfundamental side - Brazil is switching production from ethanol to sugar, because of low oil prices - India and other countries in Asia have a lower sugar production because of bad weather conditions
Sugar and Silver RelationI have attempted to scale both of these commodities appropriately to fit the chart. The price action correlation between the two commodities is undeniable. Sugar's overnight jump could present opportunity to silver as well. #inflation
Sugar as an Inflation ProxySugar is confidently surging for now into this thin zone toward 20. Consumer inflation will be felt when food prices are soon passed on, similarly with Oil and other commodities. Broad implications economically but when will the true inflationary pressures be communicated?
See my cursive inflationary pressure roadmap for the next 5 years attached. Peace
SUGAR - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
SUGAR is approaching strong resistance in blue from Weekly (0.17-0.18) so we will be looking for sell setups on lower timeframes.
on H1: SUGAR formed a channel in red but it is not ready to go yet. We want the sellers to prove that they are taking over by breaking below the last low.
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, SUGAR would be overall bullish and can still trade higher till around 0.18
And of course, as SUGAR approaches our lower brown trendline, we will be looking for trend-following buy setups.
Good luck!
~Rich
Dhampur Sugar - Gearing up for the next leg higherDhampur Sugar seems to be getting ready to test level of 230 where its all time resistance zone exists.
Risk reward is favourable for a long setup with a stop below 150.
Sugar rush 🦐After our last profit on this interesting market sugar reached the resistance zone at 0.15850 level.
The price is still moving inside a daily ascending channel and testing now the resistance.
IF the price will break above we can check, according to Plancton's strategy, for a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
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 the Plancton0618 strategy will trigger.
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