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Sugar No. 11 FuturesSugar No. 11 FuturesSugar No. 11 Futures

Sugar No. 11 Futures

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SB1! trade ideas

Sugar Surging Higher!Sugar prices have been surging higher over the past week, rallying off the lows near 17.50 from the end of October, and is now looking to try and take out the April highs. These moves higher have put Sugar in overbought territory, and it is a seasonally bearish time for Sugar, meaning Sugar has traded lower from November 11th to December 7th 13 out of the last 15 years. Near term supply issues have made the market move higher, but the output is expected to be strong this year longer term. If supply does continue to look weak, the market can look to takeout the April highs, but with the seasonal trend there is a probability of prices declining.
ICEUS:SBH2023
by Ryan_Gorman
SUGAR - buy positionit seems that sugar is going to conquer new heights. With this situation, in my opinion, inflation will grow again (caused by external factors) and the scenario of inflation stagnation, which is less likely to happen due to weak inflation reports, will become the main scenario again. the reason why I constantly emphasize buying gold is this. Is. in my opinion, this drop in inflation that you see is the last drop in inflation before its final peak, which led to the collapse of the criminal system based on market manipulation by central banks and has been ruling since the early seventies. the future of the world economy is a globalized but decentralized economy based on the real ability and merit of countries, companies and economic actors, in which, of course, cryptocurrencies will play a prominent role. #MahsaAmini
ICEUS:SB1!Long
by Intercat
Daily SB analysisDaily SB analysis Sell ​​trade with target and stop loss as shown in the chart The trend is down and we may see more drop in the coming period in the medium term All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments. He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact me d stop loss as shown in the chart The trend is down and we may see more drop in the coming period in the medium term All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments. He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact me
ICEUS:SB1!Short
by Hamed20s
Sugar Fighting The TrendlineOctober Sugar has been climbing off the August 1st lows after the collapse we saw from July 18th highs near the 19.50 level. Overall, the market has been trending lower with lower highs and lower lows and has pivoted to the downside again after testing strong resistance near the 200-day moving average and the .382 retracement level. There is also a nice trend line trending back to January of 2022, and we are back trading below that level again. To the downside, there is strong support near the 17.40 level, and a close below here could be a catalyst for sellers, and the bulls will look for a close back above the trendline to invite buyers.
ICEUS:SBV2022
by Ryan_Gorman
Potential Bearish ContinuationPreferred Case: On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.42 in line with the 78.6% fibonacci projection to the 1st support at 17.58 in line with the 78.6% fibonacci projection and horizontal swing low. Alternative scenario: Alternatively, price may reverse off the pivot and rise to the 1st resistance at 18.96 at the swing high in line with the 23.6% fibonacci retracement . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ICEUS:SB1!Short
by Rockqet
Potential for Bearish ContinuationTitle: SUGAR NO.11 (SB1!), H4 Potential for Bearish Momentum Type : Bearish Momentum Resistance : 18.96 Pivot: 18.42 Support : 17.58 Preferred Case: On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.42 in line with the 78.6% fibonacci projection to the 1st support at 17.58 in line with the 78.6% fibonacci projection and horizontal swing low. Alternative scenario: Alternatively, price may reverse off the pivot and rise to the 1st resistance at 18.96 at the swing high in line with the 23.6% fibonacci retracement. Fundamentals: no major news
ICEUS:SB1!Short
by Genesiv
Sugar Testing Strong Technical LevelsOctober Sugar is testing some strong technical points after being in a downtrend the past few weeks, following the negative outlook of outside markets. Looking back to July of 2021, there is strong trendline support the market has been able to hold, and a break below here could be a catalyst for added selling. With India reporting a cut in exports for the year from 10 million tonnes to 6-7 million tonnes, and the relative strength index nearing oversold territory, there could be an opportunity for Sugar to breakout to the upside toward the technically and psychologically significant 18.99-19.06 resistance level.
ICEUS:SBV2022
by Ryan_Gorman
1
Potential Bearish DropOn the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.40 in line with the 78.6% fibonacci projection to the 1st support at 17.59 in line with the 78.6% fibonacci projection and horizontal swing low. Alternatively, price may reverse off the pivot and rise to the 1st resistance at 18.95 at the swing high in line with the 23.6% fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ICEUS:SB1!Short
by Rockqet
July 22' Sugar Futures Fibonacci Retracement Technical AnalysisDrawing a Fibonacci Retracement from the low of 17.36 made on Feb 3, to the high of 20.46 made on April 13, we have retraced 61.8% of the up move. 18.54 is that level, which was also the low of the day yesterday, May 4, 2022. This is the line in the sand for bulls, but considering it held, and we are about to poke our head out above the Ichimoku Cloud, the odds are in their favor. 18.44 was the low of the day Mar 16, and a close below this level can take the market south to the ~18.00 level. Longs have a good risk/reward trade here, with stop levels positioned below 18.44. Futures trading involves a substantial risk of loss and may not be suitable for all investors. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
ICEUS:SBN2022Long
by Paul_Wankmueller