Get started

SUGAR

SUGAR BULISH SCENARIOPrice boost and upward momentum on Raw Sugar, after India declared that a downward revision on its sugar cane crush. Being the second largest manufacturer of sugar in the world, this news had a positive effect on the price of the raw material. Both MACD and RSI are confirming the current trend. If it continues, the price might reach levels of 25.539 As a pivot point levels of 22.43 can be used, and if the price breaks below it, can test levels of 21.58 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PEPPERSTONE:SUGARLong
by legacyFXofficial
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
Forecast SUGAR#FOOD #SUGAR Cheap sugar is only in our dreams. At the moment, the accumulation phase is nearing its end. The technical figure "flag" begins to be traced, the exit of the market from which, according to the canon, should take place upwards. The first target will be the resistance level ~24. Its breakdown will send futures with a high degree of probability to cross the global level at 39, which is approximately x2 from current prices. This is possible if the world system plunges into hyperinflation, the signal for which is already given by the actions of central banks (yesterday's post on the Bank of England). Under such a scenario, it would be wise to buy food and essentials at current prices.
PEPPERSTONE:SUGARLong
by airstels
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 fever! Top of the trend ?● Sugar #11 - ICE (SB.F) 🕐 TF: 30D Fig.1 USX lb (pound) In Figure 1 , you can see the wave count from January 2021 . A continuation of the upward correction Ⓑ with the target zone 18.04-21.27 was predicted. At the moment, the set goal has been achieved, the corrective wave looks completed. The probability of resuming the decline by the final impulse Ⓒ of e of (IV) is high. _______________________________________ ● SUGARUSD - OANDA 🕐 TF: 1D Fig.2 An alternative wave count is marked in black, in which the minimum of 2020 , the level of 0.9051 , corresponds to the top of the supercycle (IV) . This counting option will become more relevant if the subsequent series of ascending zigzags, which at this stage is marked as (W)-(X)-(Y) of Ⓑ , takes the form of a diagonal . _______________________________________ ● SUGARUSD - OANDA 🕐 TF: 4h Fig.3 Provided that waves (1)-(2) are formed as part of the emerging bearish trend, the first of which goes beyond the top (X) and consolidates under the lower border of the rising channel, there will be a good prospect for a short position. _______________________________________ ❗ Disclaimer: — The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
ICEUS:SB1!Short
by TradeWaves-EWA
Sugar likely going higher from hereSugar hasn't moved much in the commodity space but it looks like that's about to change The quarterly chart is especially interesting as it's been bull flagging above a key historical level - the 18 cent mark, which also corresponds with the 50 week moving average support - so there's your risk perfectly defined. You could also argue it's flagging outside of a massive multi-decade symmetrical triangle (not as relevant imo but interesting).
OANDA:SUGARUSDLong
by Lanmar
$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. Like my post on Malaysian Stock? Come and join stockbit, I usually share my ideas there: stockbit.com/post/7577753 and follow me on the platform or whichever places you like. Follow me: my.stockbit.com/#/gibsontan ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.
MYX:MSMLong
by Gibsonwm