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Sugar

SB1! Potential For Bearish ContinuationLooking 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 is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
ICEUS:SB1!Short
by VantageMarkets
Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish DropTitle: 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 heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is. Alternative scenario: Price may head back up towards the resistance at 21.18, where the 5previous swing high is. Fundamentals: There are no major news.
ICEUS:SB1!Long
by Genesiv
Jan 11,22-Sugar-Nice Selling SetupI'm a little late for this trade, but I feel it's not too too late. THis is the classic setup - you can see the recent high was 21 and the recent low is 19. Then price action bounced back up to hit 20 - the midway mark - If I had looked at this chart yesterday, I would have put a Sell Order in at 20 and I'd be in good shape already. Anyway, I put in a Sell ORder for 19.5. Obviously if price action continues to rise this week and it hits 20 again, I will move my Sell Order up to take advatage and sell at 20. Price should drop down to 18 or so by end of Jan. Heiko
ICEUS:SB1!Short
by HEIKOTradingSystem
Entering long in Sugar futures We have entered long in Sugar futures. This position is not validated with all the patterns of our TTW system, so the percentage of liquidity assigned to the series of positions is very low. Using our algorithmic trend-following system, Sugar futures are at 3-year highs, with an RSI of 63.57 on the weekly chart, and 65.64 on the monthly chart. The asset has broken one horizontal resistance and is above the 210, 70 and 14 SMAs, with a crossover between the 14 and 70 SMAs. We have targets around 24 in the coming months, but there is a high probability of a pullback. In the event of a pullback, we could re-enter. Position : Entry: Market price Guaranteed trailing stop loss: 0.4% of the portfolio. Target: 24-25. Financial Engineering: Futures (without OTC derivatives)
ICEUS:SB1!Long
by blockmas
Forecast SUGAR#FOOD #SUGAR Cheap sugar is only in our dreams. At the moment, the accumulation phase is nearing its end. The technical figure "flag" begins to be traced, the exit of the market from which, according to the canon, should take place upwards. The first target will be the resistance level ~24. Its breakdown will send futures with a high degree of probability to cross the global level at 39, which is approximately x2 from current prices. This is possible if the world system plunges into hyperinflation, the signal for which is already given by the actions of central banks (yesterday's post on the Bank of England). Under such a scenario, it would be wise to buy food and essentials at current prices.
PEPPERSTONE:SUGARLong
by airstels
Playing with sugarLet's start with observing 2W chart, here we can see that: 1) price has been grinding across the trendline, which acted as resistance 2) following rejection at the resistance, we had a move down to ~0.174 range which formed a strong support 3) If the week closes at 0.18335 or higher, we have an official breakout from this sub-structure and impulse should take it to the former high, above 0.2. __________________________________ 2D chart clearly demonstrates how the price has just broken through the resistance line. The next logical target is indeed the range between 0.2 and 0.22. _________________________________ Let's zoom out further, monthly chart. Observing this chart, I would presume that there will be a battle to take out resistance over 0.2, but after that is broken we will likely see a significant run toward old highs, between 0.31 and 0.35.
OANDA:SUGARUSDLong
by Owcheew8
1