SUGAR trade ideas
Sugar update - 03/04/2022remaining higher than 18.657 will reinforce the idea of wave 3 that target higher than 22, critical support at 17.746
SugarPrice broke our trend line , it's a late entry, price is already making an upmove and reaching target.
Sugar on the Rise this MonthNot sure if you're into flipping Sugar LOL. I suspect sugar to go up this month and will be monitoring using the Daily Chart.
Entry - 0.1240
Take Profit - 0.1410
Stop Loss - 0.1140
I am not a fortune teller so take these predictions as pure entertainment. Trading has great risks so trade responsibly.
Raw_Sugar#11 Technical analysisHi Traders,
We might have long opportunity for the medium terme, It will be the (C) wave of the corrective structure (5-3-5) witch the Suger is going through since 09/2015,
I will be monitoring the (d) & (e) waves of the 5 wave structure (3-3-3-3-3) on the bottom, it could reverse the trend on medium terme for new bounce backup to the top of wave (A).
We must watch big players behavior during the end of this month, i will be looking for agressive Bullish candle stick @ the end of wave (d).
Never risk more than 1 to 3% for your total account,
Best Regards,
Omar
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!
lonnngg sugaaaaorder block (purple area) held as support. sugar had strong rally off it and looks to be currently consolidating with a bull flag.
seasonal cycle also shows sugar bullish trend.
EMAs show bullish trend.
bearish market structure broke in July and currently showing bullish structure.
Early bullish signalsSugar may deliver a bullish breakout soon. It already shows some early bullish signals at equilibrium.
- Ichimoku is neutral. It will tudn bullish if price spikes above Kumo, later you will have to monitor Senkou Span cross (Kumo twist) ahead, and Chikou/past candles cross as confirming signals.
- Heikin-Ashi may turn bullish. Green candle after price failed to break back below Kijun Sen. Need to see a confirmation in form of haDelta+ and haOscillator cross up above their mid lines.
- Price is above Kijun Sen and EWO is green.
- MACD points up, but below mid line -> consolidation.
Real key levels are 14,50 and 15. Above these space opens to 17 target.
I do not send this post to Twitter, as there I already called your attention hours ago.
Good luck, and God bless the Japanese chart techniques! :-)
Something to watch- Ichimoku setup is bearish, as Price managed to climb back to Kumo, after testing very important long term horizontal key resistance at 12,55+. Now Price is located between Tenkan and Kijun lines (above Kijun), while Tenkna/Kijun is in weak bullish cross.
- Heikin-Ashi turned bearish after test of Kumo and 100wma.
- EWO is bullish. MACD is neutral
- Upper key level for this market is clearly 14,55.
What do we have to watch now? As EWO is in bullish territory and Price is above Kijun Sen, we have to see what Sugar will do if it drops to Kijun, which is the short term lower key level now at 13,59.
If we see a possible momentum reversal or a clear buy signal there, then we can enter maximum 1 risk unit long position. Bigger size long only above 14,55.
Remember! You do not buy automatically at Kijun, as market may wash through it to the downside. Just because Price is above it now, it doesn't necessarely mean it will stay above it. You buy only, when there is a bullish signal at the *possible* support.
SUGAR started the medium-long period LONGMedium-long inversion over sugar
You can enter long with stop under 13.56
On SBV17 - Oct '17 contract
LONG since 30/06/17
From 13,600
Flat Under 13,563
SUGAR SBV17 - Oct '17
CROC X1 - Support / Resistance - Multiday (TF - 1H)
R3 = 17.34
R2 = 14.28
R1 = 13.89
PIVOT = 13.80
S1 = 13.71
S2 = 12.51
SUGAR started the medium-long period LONGMedium-long inversion over sugar
You can enter long with stop under 13.56
On SBV17 - Oct '17 contract
LONG since 30/06/17
From 13,600
Flat Under 13,563
SUGAR SBV17 - Oct '17
CROC X1 - Support / Resistance - Multiday (TF - 1H)
R3 = 17.34
R2 = 14.28
R1 = 13.89
PIVOT = 13.80
S1 = 13.71
S2 = 12.51
Sugar Weekly -- Fresh Demand/Range Bound SetupFresh Demand levels in a range bound setup. Potential Retracement Zones.
-Always use a stop
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything
Looking to get Long on SugarSugar seems to be slowing in decent, pulling up to 50% BB level, and tastes good.
If it doesn't break hard below 15.20 and moves above 50% BB, then I'll be looking to go long.
Long Sugar once support by long term support linePending for catalyst: probably India government reduce import duty on sugar, import required due to bad weather. Trade is invalid if price closed below the support trend line.
