SUGARUSD trade ideas
SUGAR Still bullishHi Traders, we are still in bullish trend for sugar and we going to join the trend now. good luck
Sugar LongEnd of large degree correction, initial impulse seems to be an expanding triangle resting on support level. Imminent break of trend line resistance? Fibonacci extension of wave 1 to projected wave 2 and historical support and resistance suggest a target at the 0.19 mark to be expected after move higher into wave v then lower into higher degree wave 2.
Sugar looking sweeterWatching for a bounce at the support line 1155. Bearish indicators looking to bottom here soon. Getting ready for the buy signal.
Suggar Trend for the comming 30-45 days Suggar price is expected to fall until the mid of August after that it will redirect to up trend mostly until the begining of October.
SUGARUSD FlagAfter a strong rise in the price of sugar, the price is consolidated by forming a flag. As the flagpole is bullish, the exit will probably be bullish. And the bottom trend is bullish, everything makes us think about rising sugar in not very long.
SUGARUSD, Double Top + Bearish H&S CombinationSUGARUSD is currently consolidating at the peak of its uptrend, with clear resistance and support levels at 0.12506 and 0.12110 respectively. However, the formation of a Double Top pattern, along with a bearish Head and Shoulders pattern against the backdrop of the 2nd leg of the Double Top, suggest a strong possibility for a bearish reversal.
On the fundamentals, recent strengthening of the USD has seen commodities falling across the board. Possible bullish USD performance in the weeks ahead may see SUGARUSD breaking below support for a downtrend.
Trade: Enter when price breaks 1 ATR below support, at 1.11946. Set stop loss 1 ATR above support, at 1.12274.
Hello Traders, SUGAR/USD 0.12052 VS 0.12668. Trade SetupsHello Traders, SUGAR/USD 0.12052 VS 0.12668.
Looking for Yellow: a Break and continuation / corrective / Consolidation Pattern at 0.12546 / 0.12668
To Continue the upside movent towards 0.13120 / 0.3372.
Or Blue: Possible Completion Consolidation /Continuation / Corrective Pattern 0.12546
to Retest / Break previous Lows once more 0.12052 / 0.12080 towards 0.11827 / 0.11742.
SUGAR Dady or Mummy ? It may be difficult to have a slice opinion on the evolution of the price of sugar. what i can say is that we are in bullish channel, but in fact it does not look too much like a bull flag, synonym of continuation of tandem. That is to say that we are still bearish on sugar. At court term we can come try the support 0.113 and 0.116 to bounce to join the resistance at 0.1258 consolidates above because we are on a good price compression. If the Diet Cola dominates the world and Nutella put less sugar in his step to spread out it will be good not to have enough momentum to break this resistance and also confirms a scenario decline. After the heat wave there will be more ice sold. In all because on this trend over several months there is time to prepare and intra-trade sugar.
Increasing chance for bullish reversal and buy signal- Ichimoku setup favors bullish positions
- Price retested key support
- Heikin-Ashi momentum signals a reversal and a possible buy signal
Initial tgt at 13,30+, Risk/Reward ratio is appr. 2,60
Sugar could become bitterThe price is lateralizing in this channel composed by the static support at $ 11.50 and the resistance identified by 78.6% of Fibonacci set at $ 13.15.
This raw material, in the very short term, seems intent on retesting the high area of the channel just mentioned. On the weekly time frame it closed the week above the dynamic resistance identified by the EMA20 periods.
In the short/medium term, on the other hand, the fundamental structure shows some signs of uncertainty. This idea is regarding futures prices, with an excess of stocks in Mexico. Normally that country does not propose itself as a major player in the international sugar market. Now things could change, with the nation that will be forced to increase exports to many countries, including the United States. This in order to drain the huge levels of stored product.
INTL FCStone and S&P Global Platts have stated that in the 2019-2020 season, global consumption of sugar will exceed production and this is undoubtedly a good news for futures prices.
Sugar could become bitter and t
he price should not be able to break the resistance at $ 13.15. The price should be pushed back on the support area around 11.50. We do not recommend any trade on this raw material, but the target areas are:
in the very short term 13.15.
in the short/medium term 11.50.
Sugar In an UptrendSugar looks to be in an uptrend with Oil falling further, If you feel confident in sugar pushing higher, look for entry on the trendline for a nice R/W ratio
SUGARus , long term perspective on the UP Trend : third EyeSUGARus , long term perspective on the UP Trend : third Eye
SUGAR - ready for bull run ?Sugar had a massive bear run during September 2016 - September 2018. Now the movements are low volatile and everything seems like sugar is preparing for bull run. COT (Commitments of traders) is also very, very bullish. Price already broke trendline on smaller time frames, creating higher highs.
Trade for couple months, IMHO.
