✅ +19% partial profit taken at market price. Beautiful bullish reversal. Ideally if we break above $23 we should be long and strong macro. So far, the weekly chart looks extremely bullish.
The sugar price has now reached the upper border of the pink trend channel. It should now break through this line, as it should continue to rise significantly with the yellow wave b. We expect the high to be in the green target zone between USX 28.72 and USX 30.84, which will then allow for new declines.
A rise has now occurred after the bears have pushed the sugar price a bit down again this week. Around the 78.60% retracement, we also expect the high of the green wave X. This high should now be formed calmly before a bearish three-part move below $20 follows.
The price of sugar has slightly decreased after reaching the desired range between USX 24.44 and USX 26.82. However, we remain cautious about assuming that the completion of the upward movement, represented by the green wave X, has occurred. To further assess this, we are affording the price another opportunity. Following this, we anticipate a notable decline,...
Massive extremes on the PMARP. being a bit pre-emptive on this short since theres been no confirmation, only slowing momentum on the short timeframes. Large speculators are the most long sugar since august 2021, so its getting pretty crowded. Similair fundamentals to this as coffee, only more extreme on the COT side.
ICEUS:SB1! Oh sugar! Looking expensive in my humble opinion! Lows: 24.25 Highs: 27.30 We had the bullish flag formation, ever since then we been riding higher but it's at key Fib area and resistance zone! I expect sugar to pull back a little to next lows. However, we could still reach 30 area! Have a great day ahead, Trade Journal!
Title: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 23.86 Pivot: 21.89 Support: 21.02 Preferred case: Looking at the H4 chart, my overall bias for SB1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price...
Title: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 21.18 Pivot: 18.94 Support: 20.04 Preferred case: Looking at the H4 chart, my overall bias for SB1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price...
In this update we review the recent price action the Sugar futures contract and identify the next high probability trading opportunity and price objectives to target
Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 20.10, where the 50% Fibonacci line is. Stop loss will be at 20.49, slightly above where the 61.8% Fibonacci line and minor high is. Take profit will be at 18.94, where the 50% Fibonacci line...
Title: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 21.18 Pivot: 18.94 Support: 19.30 Preferred case: Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue...
We are long sugar futures. Profitability rate = 34% Average Winning Trade = 8.54% Average Losing Trade = 3.23% Average duration = 3 weeks
sugar The continuation of the correction in wave 2. on the sugar, and therefore to complete the correction pattern after the last rise, the rise may continue to prices of 19.06 at the level of 78% to end wave 2
Hello,Traders! SUGAR was trading in a falling channel but now we are seeing a powerful bullish breakout So I think that after the pullback and retest We will see a further move up towards the target Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
✅SUGAR is going down now But a strong support level is ahead Thus I am expecting a rebound And a move up towards the target LONG🚀 ✅Like and subscribe to never miss a new idea!✅
● 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 ...
Type: Bullish Rise Resistance: 19.37 Pivot: 18.98 Support : 18.84 Preferred case: We are expecting the price to potentially rise from our pivot level of 18.98 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection towards our 1st resistance level of 19.37 which is in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Alternative...
Type: Bullish Bounce Resistance: 19.25 Pivot: 18.91 Support: 18.53 Preferred case: Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 18.91 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement towards our 1st resistance level of 19.25 which is in line with 23.6% Fibonacci...