SUGAR
Sugar Priced in Oil Barrels Sugar is in trouble across the board against nearly every commodity. However, sugar priced in oil has the clearest classical charting pattern in development.
Previous Sugar analysis
SUGAR / USD 4HThis trade will be active on monday morning ,,,
More update will follow ,,,
Good Luck All ,,,
SUGAR. Flat correction. Wait to short after it finishes.Sugar is in a long running flat correction.
The wave Y could reach out to the 0.1580 area (where Y=W) before it drops. It could also exceed it with further Fibonacci ratios 1.27-1.618.
Wait for reversal pattern at the top.
SUGAR FUTURES : long It is expected that sugar producers will go to the same supply cut as the OPEC producers .
Technically:
Symmetrical triangle has been broken upwards on the Daily Chart.
Moves in the rising trend channel.
Possible Scenarios for SugarAs you know, it was following a bearish channel, but consider the daily resistance line around 0.127, and the lower bullish trend line who prevented more fall of price for three times, & bad fundamental news from Brazil & India, I guess I`ll buy sugar soon-possibly after breaking the upper line of channel while moving averages confirm all this too (hopefully :). But if this won`t happen, we`ll have much more fall & maybe even the lower line of channel breaks (so dramatic!) heading for the other partial trend line. For now, we`ll wait, but if you`re love with setting up positions, set an approximate buy stop over the channel!
Long CandyIDEA: Expecting long move with support at 14127 @ Daily Average pivot & resistance @ Daily S2 pivot 14538 . Looking for Fibonacci support along the way to confirm the trend move. If daily average fails, expecting further support at 14049.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
!SUGARUSD Buy Position!Every crossover is targeted, no particular news that would affect sugars price. Because of the time of season for sugar the prices will increase due to growing seasons.
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CTF - SUGARUSD
Chart timeframe - 4hr
Area of interest - 1.4 , 1.8
Potential target 1 - 1.55
Potential target 2 - 1.675
Potential extended target - 1.75
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Trade Safe everyone!
Sugar looking sweet on the DailySideways head and shoulders pattern developing. Ideally, we see a retracement into dashed line below 1370 but looks like we're about to breakout.
Sugar Long - finally bottoming?Nice candle today if gains hold. First minor downtrend broken. Oversold on larger timeframes (daily, weekly, even monthly)
COT bullish -> MM / Large Specs short, Commercials long
Wait for current extreme to cool down ~ +5% and look for long entry. SL below the lows.
Good Trading!
SUGAR Commodity LONG- Advanced Pattern formation of Bat completion at D leg at 88% fib
- Structure to the left
- Potential double bottom at daily chart
- Fundamental news of 2017 May of Sugar and World Markets and Trade stating record global production keeps consumption of Sugar near record high.
- RSI divergence upwards
SUGAR (SUGARUSD) long setup- Completion of a bat pattern
- The entry point @ 0.15045 lines up exactly with previous support line. The support line is highlighted by price behaviour in the blue rectangles
Sugar Could Break down Notice, Daily chart exhibits a substantial H&S pattern. If the daily neck-line is broken sugar prices could drop significantly from here.
Daily:
Notice the monthly impulse targets a retracement at the same length of the daily H&S pattern.
Multi-Month/Twenty Year Chart:
Sugar May Complete a Bearish Bat PatternI will look for confluence with indicators at the entry point -- as of now if price continues to rise from here to the completion point I will take this trade.
SUGAR, DAY CHART, SHORT (18-FEB-2017)There is a consolidation pattern near the
Resistance Zone.
From the price action, we can see stronger
selling pressure than buying pressure.
If the price managed to break the buyers' stop loss
level, we expect the price will fall further lower.
Here are 2 trading plans for you:
1. Wait the price to break the buyers' Stop Loss level
and entry
2. If the price pull back weakly to the resistance zone,
it might be a good opportunity to short with bearish
signal
SB1! @ daily @ 1of2 (44) Commodities with a bearish 100/200MATake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
44 COMMODITIES of Chicago, New York & londo (MA 100 & 200 inside bullish) @ drive.google.com
Best regards
Aaron
