Sugar
Short-term rally. EntriesI want to return to Sugar. This market doesn’t have a strong setup. However, there is a chance for a short-term trade. The seasonal tendency is to the upside. Besides, we have a divergence in the 4h chart. So, breaking above the trendline can bring us some profits.
Obese EU NA MEX populations will fight like for toilet paperHey I'm looking more into those commodities that I understand and had success with rather than popular stocks where I ALWAYS lose (and I do not see what the purpose of short term speculators even is with stocks), or crypto that never does anything because it is dead.
Sugar this year has been doing a daily volume of usually around 2 billion usd if the ICE data is correct. Looking just at the front month it would be about 1.
With all the price controls and governments throwing subsidies at sugar farmers the futures market is only a shadow of its past glory, but the laws of supply & demand did not disappear and it still has a purpose.
At least letting governments know how much purchasing power they will have to steal from their populations to throw at wealthy farmers.
The ICE is the place to find info about sugar 11
www.theice.com
The CME tries to compete, and their site is much better than that thing above ^
They are a good place to look at.
www.cmegroup.com
Here you can find a map differentiating beet & cane producer. It is reather easy: old world christians, muslims, japanese produce beet, rest of the world south of those places makes cane sugar.
www.czarnikow.com
Climate change is surreal humour in a bubble and check weather data for yourself.
www.holiday-weather.com
www.timeanddate.com
en.tutiempo.net
Brazil no rain no rain no rain no rain
India storm storm storm storm
This summer was so cold, did not hear the media, except in august when it was hot for part of it.
Some FUD "Production will go up" "Production dropped" kek, media.
www.financialexpress.com
www.business-standard.com
The addicts will get their fix no matter what it takes no matter the price. Stronger than cocaine.
Also there is something with this time of year and the way the contract works. It's sort of like Oil 😉
Sugar pierces resistance and retest with clear pinI had daily resistance drawn from higher timeframes in dark blue on the same level 200 MA is. Sugar bounced from the level validating it - that is when I drew azure resistance over the dark blue as it becomes valid on hourly too. Eventually, it pierced through, did a quick retest and now it came back again forming nice tradeable pinbar.
I open long.
It is important to remember that seasonality points in the opposite direction. This is the trade with odds but should last a couple of days at most. I expect the price to build a new resistance and use it as a base to breach below my levels back again.
SUGARUSD : Swing, 100% Price ActionSUGAR : Follow the downtrend.
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SUGAR LONG if the price will break resis 12.301. Sur graphique d'une semaine on voit la formation d'un triangle en expansion à l'envers.
2. Forte résistance au niveau 12.30.
3. SMA 200 résistance DAILY
4.Si le prix va casser la résistance 12.30. Le prix de sucre va augmenter jusqu'à 12.90
5.La ligne senkou span B la résistance ideale sur 4H
6.Le prix va ferme le gaupe au 12.88
7. Canal acsendant en DAILY
(Sorry for my french)
Sugar reached clear trendline, let's see how it reacts. Will be looking for opportunities either ways :)
SUGAR USD BUY (SUGAR - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Double Top on SugarWait for comfirm pattern (support 11,5 USD). Trend line was broken. Target 11 USD. Also MACD looks bearish.
Bullish Cup and Handle on SugarA bullish pattern, a cup and handle, is formed on the Sugar daily chart. Important will be a close above $ 12.30. The first target in the area $ 13.35-13.60, the second one in the area $ 14.40-14.85. The fundamental analysis agrees with the pattern.
SUGAR ($SUGARUSD) 🍬| Do we See a Sugar High or Cavities?🍦 The future of sugar futures looks sweet. Sugar futures have been trending well recently, with levels being constantly respected, so the chart is attractive from that perspective. It is especially attractive for the bulls given the current recovery on the back of the COVID correction.
With that in mind, despite the bullish price action, this hot sugar chart looks like it could cool off here and crystalize for a bit.
Below we map out a potential pathway for both the bulls and bears to find out if this sweet tooth leads to a sugar high or cavities.
Support:
If we break below the current range it isn't a great look for the current bull trend, but that doesn't mean the bulls are out of options. The S1 bullish S/R flip should act as a temporary support.
If the bulls can then bust through the current consolidation range they are in good standing, however the more likely bearish breakdown path leads to S2, which really does away with the bullish structure.
Resistance:
If the bulls can push us above the R1 and the current range then we likely continue on the sugar high. On that path the R2 S/R flip is our first real point of resistance, a reaction here likely has us testing R1 as support. If that all goes well we likely get a bullish continuation to at least the R3 order block.
Above R3 are the R4 orderblock and S/R flip cluster and finally R5 orderblock at the top.
Summary:
It currently looks like we are headed for a correction, but the bulls still have a real chance to sustain the trend here. The big danger for sugar bulls is letting a breakdown from the current range turn into a trip down to S2.
Resources: www.spglobal.com
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SELL SUGAR - SUGARUSD : SHORT Clear drop in the price and te break of the trendline - the price if below VWAP and we got volume on the short side
Sugar LongNot really a trade but more of a long term investment as a hedge against troubles to come in the economy and the return of the pendulum into inflation for years to come. Not sure if it is the absolute low but it looks like a good place to start.
Here is the big picture:
UPDATE! SUGAR nice opportunity! 🦐UPDATE! SUGAR another nice opportunity, the price retested the neckline of inverse head and shoulder and just broke a descending channel.
According to Plancton's strategy We can set a nice long.
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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 Plancton0618 strategy will trigger.
Sugar Big move comingBullish on Sugar. Price is forming flag and bullish patterns everywhere.
Inversed H&S followed by a continuation pattern.
This is ripe for buys after break out or look for entry after more pull back.
