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Sugar

Sell Sugar. 40% move opportunity1. Sugar seems to be completing 4th wave of the down move. 2. 4th wave has (slightly running) flat structure. 3. It looks on the chart and in particular on MACD that last 4-5 weeks it is incapable to move significantly up from the bottom of the range. It seems ready to break down. 4. Previous month volume spike on big red candle also supports the idea of selling sugar. 5. 5th wave target should be about 0.61 of 1-3 waves move calculated from the top of wave, therefore it is about $0.082, ie it is ~40% move.
OANDA:SUGARUSDShort
by Kupitman
Sugar - TradeI love Sugar.... I love the Dividends. RSI had a good run, benefited from low energy costs. I am taking profit to keep cash on the side-line for the inevitable mrkt correction. I will re-enter below 5.65 if the fundamentals stay solid. On Balance Volume is weakening, this could be an indicator that investors are switching to cash or trading to high flying stocks. Ichimoku 3/5 bear 23-Nov-17 6.23 Bear Chikou Span Cross Strong " " Bear Kijun Sen Cross Neutral " " Bear Kumo Breakout 21-Nov-17 6.50 Bull Senkou Span Cross Neutral " " Bull Tenkan/Kijun Cross Weak
TSX:RSILong
by poulin.marc
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!
FOREXCOM:SUGAR
by redlight7
Has Sugar Bottomed?I just wanted to take a moment to share this bit of insight. I'll try my best to be brief in my analysis. What you see is a continuous chart of Sugar futures. In my opinion, I'm thinking that there is a reversal in trend that is about to take place and here's why. The first thing that you may see is the downward slopping trend channel which began in October of last year which depicted a clear bear market. In late June of this year, prices broke through the bottom of the channel and created what I consider to be an obvious selling climax. Preceding the climactic selloff was a shortening of downward thrust, which showed stopping action in the market's selling. Since then, prices have moved sideways, creating a base. One thing that stands out about this base is the fact that the supports continue to rise, which is an indication that bulls are buying at higher levels each time the price falls. As I type this, prices are at the top of the range. Does this mean that there will be a breakout? I wouldn't go that far. After all, there was a false breakout on July 31st, which was checked at the overhead resistance area of the April '17 low. Another case for a bullish reversal, going back to the selling climax, is that the wave volume shows continuous increases in volume in the buying waves. Such action indicates that demand is overcoming supply. Something to note is how prices are pulling away from the bottom of the channel as it forms what may be an accumulative base. Conclusion: I'm gonna have to see a strong close above not only the top of the accumulative base but also above the April '17 swing low. Such action will be a signal to get long following a pullback to test the breakout area. On another note, I find it interesting that Sugar, or any commodity for that matter, is setting up for a potential move to the upside as the U.S. Dollar is about to make a strong move to the upside as well. A strong dollar is usually bearish for commodities, but hey, we can only listen to what the charts tell us, right?
SLong
by CarterBoyFX
Has Sugar Bottomed?I just wanted to take a moment to share this bit of insight. I'll try my best to be brief in my analysis. What you see is a continuous chart of Sugar futures. In my opinion, I'm thinking that there is a reversal in trend that is about to take place and here's why. The first thing that you may see is the downward slopping trend channel which began in October of last year which depicted a clear bear market. In late June of this year, prices broke through the bottom of the channel and created what I consider to be an obvious selling climax. Preceding the climactic selloff was a shortening of downward thrust, which showed stopping action in the market's selling. Since then, prices have moved sideways, creating a base. One thing that stands out about this base is the fact that the supports continue to rise, which is an indication that bulls are buying at higher levels each time the price falls. As I type this, prices are at the top of the range. Does this mean that there will be a breakout? I wouldn't go that far. After all, there was a false breakout on July 31st, which was checked at the overhead resistance area of the April '17 low. Another case for a bullish reversal, going back to the selling climax, is that the wave volume shows continuous increases in volume in the buying waves. Such action indicates that demand is overcoming supply. Something to note is how prices are pulling away from the bottom of the channel as it forms what may be an accumulative base. Conclusion: I'm gonna have to see a strong close above not only the top of the accumulative base but also above the April '17 swing low. Such action will be a signal to get long following a pullback to test the breakout area. On another note, I find it interesting that Sugar, or any commodity for that matter, is setting up for a potential move to the upside as the U.S. Dollar is about to make a strong move to the upside as well. A strong dollar is usually bearish for commodities, but hey, we can only listen to what the charts tell us, right?
SLong
by CarterBoyFX
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.
OANDA:SUGARUSDLong
by fionnablack
SUGAR, at the test of the Simple Moving Average 89SUGAR, at the test of the Simple Moving Average 89 SUGAR, at the test of the Simple Moving Average 89 , at 14.32 on the future SBV2017, in case of daily closing over 14.32, the big speculators will enter long making a raise with targets around 16 cents. SUGAR SBV17 - Oct '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 16.17 R2 = 16.05 R1 = 15.53 PIVOT = 14.82 S1 = 14.10 S2 = 13.89 S3 = 13.85 CROC X3 - Last Signal (Long Term - TF 1D) LONG from 13.67 since 09/06/2017
S
by XiNiaN