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Sugar11

Sugar #11; Dire StraitsIt is the case once again for the typical, alternating, virtually daily news bites, decrying "world sugar deficits", "Brazilian yield collapse (due to drought; El Nino)", "record Brazilian Real strength", "rising crude oil prices" versus "record Brazilian harvests", "strengthening USD" and "falling crude prices due to recession fears". The song remains the same. In reality; - Brazilian harvest prospects are doing just fine; - The recent Brazilian Real strength is likely experiencing it's end of days; - Crude oil prices, fundamentally and technically, have a far better chance to turn south than otherwise. (See this post; ) Now, factor in the clearly (very) bearish technical outlook while also noting significant short covering, as of late. E.g., the makings of very favorable SHORT Entry here. The Daily; With last week's 5 strait days of breaking lower.
ICEUS:SB1!Short
by Nemo_Confidat
Jan 11,22-Sugar-Nice Selling SetupI'm a little late for this trade, but I feel it's not too too late. THis is the classic setup - you can see the recent high was 21 and the recent low is 19. Then price action bounced back up to hit 20 - the midway mark - If I had looked at this chart yesterday, I would have put a Sell Order in at 20 and I'd be in good shape already. Anyway, I put in a Sell ORder for 19.5. Obviously if price action continues to rise this week and it hits 20 again, I will move my Sell Order up to take advatage and sell at 20. Price should drop down to 18 or so by end of Jan. Heiko
ICEUS:SB1!Short
by HEIKOTradingSystem
Playing with sugarLet's start with observing 2W chart, here we can see that: 1) price has been grinding across the trendline, which acted as resistance 2) following rejection at the resistance, we had a move down to ~0.174 range which formed a strong support 3) If the week closes at 0.18335 or higher, we have an official breakout from this sub-structure and impulse should take it to the former high, above 0.2. __________________________________ 2D chart clearly demonstrates how the price has just broken through the resistance line. The next logical target is indeed the range between 0.2 and 0.22. _________________________________ Let's zoom out further, monthly chart. Observing this chart, I would presume that there will be a battle to take out resistance over 0.2, but after that is broken we will likely see a significant run toward old highs, between 0.31 and 0.35.
OANDA:SUGARUSDLong
by Owcheew8
1
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.
ICEUS:SBK2022Long
by MoeTrader01
A peek into the sugar's futureAccording to Investopedia , Brazil is top leading sugar producer globally. So , we take a look at its currency; USDBRL and discovered that since Jan 2020, it has appreciated against the USD for more than 50%. This trend should continue towards the rest of 2020 and likely the first half of 2021 too. That being the backdrop, then we can assume sugar price to continue going higher, breaking the 15.78 price resistance soon. I am bullish on sugar !
Long
by dchua1969
NY #11 Front Month Contract continues its uptrendThe recent pullback from 15.50 resistance did shake out some players but the fundamental story remains the same (Lower production on the softs though a risk of Indian Exports continues to hound the market. Actually, buying near the lower end of the channel for the past couple of days with a wide stop and proper sizing would enable a trader to catch and on to it as it attempts to try to breach the 15c level. The next resistance level seen in the chart is around 15.50 and the next would be 16c.
ICEUS:SB1!Long
by BensonLouieGo168
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 😉
ICEUS:SB1!Long
by MrRenev
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 Hit that 👍 button to show support for the content and help us grow 🐣
OANDA:SUGARUSD
by AlphaBotSystem
Sugar No 11 Futures Suggest #BUY POSITION (#Sugar, #trading)Hey, here is my new forecast, and don't forget to follow them because commodities are very useful after the crisis. They are one of the useful and progressive pairs compare with others. Also, they are very useful for long term trading! I wrote all explantations and some forecast move of this pair I hope you like it. If you have any questions don't hesitate to contact me or you can comment and LIKe this graph too. Thanks and Good Luck
ICEUS:SB1!Long
by KiriaTrader
2
Long Term Prospects for SUGARUSDThe SUGARUSD is in a correction of a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The 50 week ema is currently trending upwards slightly, though the long term emas are mostly flat, signaling accumulation/distribution. The price action appears to be finishing up the third of five waves up, coming against prior resistance, so a pullback is likely. Since this is a c-wave it should sharp and short in duration. The Market is in a Bear Market rally on the daily, with price above the 50 ema which is above the 200 ema, but still below the 800 ema. Price is currently testing the 800 ema with the a-wave top a little above that at .13333. Both are levels the third wave of this c-wave could pull back from in a fourth wave. A measured move upwards for this c-wave would take price to 0.14178. The Market is in a Bull Market on the 4 hour, with price above the 50 ema, which is above the 200 ema, which is above the 800 ema. Price would have to close below 0.13090 to be considered in an correction. The price action looks like it is getting ready to burst upwards to 0.13333 over the New Years week. There is an opportunity here to short against overhead resistance when a top formation appears. The longer term opportunity is to buy the bottom formation from an upcoming pullback for a powerful up move to complete the c-wave. This is my SUGARUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
OANDA:SUGARUSDLong
by Cincinnatuus