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DHAMPUR SUGAR MILL - Short-term Trend analysisDHAMPUR SUGAR MILL - Short-term Trend analysis 1. V shape recovery, it falls more than 65% from the all-time high... 2. It May be in the over-bath zone. 3. If the stock opens and closes at more than 234 then it may have a short-term up rally. 4. Target is 317 if the market trend reversal. 5. Fundamentally good stock, maybe we can hold for the mid-term for a good profit. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:DHAMPURSUGLong
by ravi15684
SugarSugar has been trading within a large rising channel for almost a year. After recently testing and confirming channel support, price has rebounded and we're just about halfway up the channel. A falling window (gap down) served as resistance on the way down to support and has also temporary stalled the current rally. Now, after a strong daily close above the falling window we are currently testing old resistance as new support. I'm now long and looking to take a small piece out of this market as price moves towards channel resistance.
PEPPERSTONE:SUGARLong
by KH2_Artizan
How does the surge in sugar futures affect Coca-Cola’s profit? Sugar is used in food, beverage, and in biofuel production, and its importance in global trade gives it a strong position in the commodity futures market. The price of sugar has surged 17% since the beginning of January 2021. Reduced Brazil production Sugar prices have recently been affected by production levels in Brazil, a key sugarcane producer and exporter. In May, Brazilian mills reportedly had to cancel sugar export contracts as they shifted to ethanol production, seeking to capitalize on high energy prices. Brazil supplies half of the world’s sugar, producing 654.8 million tonnes of sugarcane, 41.25 million tonnes of processed sugar and 29.7 billion liters of ethanol annually. As the Ukraine crisis triggered a global energy crisis, Brazilian farmers shifted to ethanol production. However, the US Department of Agriculture estimates that sugarcane crop in Brazil will recover 6% year over year to 613 million metric tons in the 2022-2023 marketing year. Strong output in India and Thailand Still, India and Thailand, which also export substantial volumes of sugar, are making up for the reduced output in Brazil. Last month, a trade group in India said the country could produce a record 36 million tonnes of sugar in 2021/22, up 3% from early estimates. The record output in India and improving production levels in Thailand could bring global sugar prices down. But concerns that the Indian government could curb exports recently pushed the prices of sugar futures higher. Sugar users bear brunt While concerns of lower sugar production can be a win for sugar futures traders, users of the commodity are bearing the costs of low sugar supplies and higher inflation. Coca-Cola (NYSE:KO), known for its namesake sugary drink, is considering additional price hikes as record-high inflation is eating away companies’ profit margins. Last year, Coca-Cola raised the prices of its products to counter higher commodity costs, joining other consumer brands like PepsiCo (NASDAQ:PEP) and J.M. Smucker (NYSE:SJM). The price hike helped the soda manufacturer grow its full-year revenue in 2021 by 17% year over year to $38.7 billion. Household brands like Coca-Cola, which continues to dominate the global market for soft drinks, have strong pricing power, allowing them to pass on higher input costs to customers. Thus, Coca-Cola’s stock price has risen in line with the price of sugar since the beginning of 2021, up by ~20%. However, Coca-Cola and rival PepsiCo recently suffered from lower margins despite strong revenues. The companies warned in February that rising costs are weighing on their profit margins, prompting them to lower their sales expectations. Banking on pricing power "We control our supply chain basically all the way to the shelf. That puts us in a relatively better position, but I wouldn't say we're not going to have challenges. We're not immune to that," Johnston reportedly said. PepsiCo’s stock climbed 13% over the past year as of Tuesday. Coca-Cola CFO John Murphy echoed Johnston’s concerns, telling analysts in an earnings call in February that the company continues to expect commodity price inflation to have a mid-single-digit impact on comparable cost of goods sold in 2022. But Murphy remains bullish on the company’s pricing power, saying commodity pressures will be offset by the company’s “pricing power and brand leadership.”
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by BlackBull_Markets
July 22' Sugar Futures Fibonacci Retracement Technical AnalysisDrawing a Fibonacci Retracement from the low of 17.36 made on Feb 3, to the high of 20.46 made on April 13, we have retraced 61.8% of the up move. 18.54 is that level, which was also the low of the day yesterday, May 4, 2022. This is the line in the sand for bulls, but considering it held, and we are about to poke our head out above the Ichimoku Cloud, the odds are in their favor. 18.44 was the low of the day Mar 16, and a close below this level can take the market south to the ~18.00 level. Longs have a good risk/reward trade here, with stop levels positioned below 18.44. Futures trading involves a substantial risk of loss and may not be suitable for all investors. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
ICEUS:SBN2022Long
by Paul_Wankmueller
The great 2022 rotation Tech/Crypto -> Agriculture.Opinion: As oil prices increase, crop rotations kick-in favoring Wheat production where the climate is appropriate. Price of agricultural goods is affected by increased transport prices and crop production space rotations. I expect all agricultural produces prices to increase significantly in the coming months. Including sugar. TP1 looks attractive. This is not intended or made to constitute any financial advice. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
OANDA:SUGARUSDLong
by TheBitcoinGeneration
CANE - Fertilizer Shortage TradeIt's a Brave New World. Fertilizer was facing a shortage going into 2022 (like most commodities, it has had a undersized amount of investment, with tech seeing most of the in flows) but after the Putin YOLO (that's my ELI5), potash is now in shortage. Using that fact as a basis for expanding my commodity thesis to include more food commodities. I picked CANE because of the chart. Sugar has not caught bids like soy and corn and it's chart is a screaming buy. Before smashing the market buy button like an ape, watch the long standing resistance level we are at right now. This resistance has held since 2017 so this is a critical level. I am expecting a retest at the 9.75 level where I will be looking at the volume response. I'm so itchy to buy that I might buy regardless of response, the tailwinds are simply too strong to ignore. It is taking a great deal of restraint to wait for a response but since it is such a vital level and I want the best entry possible, patience and watching volume response is the name of the game. I will update with entry price. Happy hunting, Good luck, and God speed.
AMEX:CANELong
by SloppySeconds
🍭Sugar fever! Top of the trend ?● 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 impulse Ⓒ of e of (IV) is high. _______________________________________ ● SUGARUSD - OANDA 🕐 TF: 1D Fig.2 An alternative wave count is marked in black, in which the minimum of 2020 , the level of 0.9051 , corresponds to the top of the supercycle (IV) . This counting option will become more relevant if the subsequent series of ascending zigzags, which at this stage is marked as (W)-(X)-(Y) of Ⓑ , takes the form of a diagonal . _______________________________________ ● SUGARUSD - OANDA 🕐 TF: 4h Fig.3 Provided that waves (1)-(2) are formed as part of the emerging bearish trend, the first of which goes beyond the top (X) and consolidates under the lower border of the rising channel, there will be a good prospect for a short position. _______________________________________ ❗ Disclaimer: — The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
ICEUS:SB1!Short
by TradeWaves-EWA
Sugar Futures ( SB1!), H1 Potential for Bullish RiseType: 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 scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 18.84 which is in line with previous graphical swing low support. Fundamentals: No major news.
ICEUS:SB1!Long
by Genesiv
July 22' Sugar #11 Futures Technical Analysis Bearish CaseGoing back to November 18, 2021, July 22’ Sugar was in a downtrend, which was broken on Mar 1, 2022 with a close of 18.12. This began a new Primary uptrend, remaining intact until April 20, 2022. Even though this trendline was broken with conviction (closing on the lows of the day April 20), the market rallied on April 21, closing at 19.81 (6 ticks from the high). This close touched that broken trendline, but this time, from the opposite side! More importantly for April 21, the market bounced off 19.49 (low of the day), which was previous major resistance (Pink Line Mar 7-10). Previous resistance tends to become support when a market is in an uptrend. Friday, April 22 brought a solid down day, taking out not only the 19.50 level, but closing below the first major Fibonacci Level (.382) of 19.29. This day brought the most volume (78.31k contracts) since April 13. April 13 was the contract high yet closed the day forming a Gravestone Doji Top. Moving onto technical indicators, the MACD (Moving Average Convergence Divergence) is currently below its 9 EMA (bearish), and below levels not seen since Mar 18 (Sugar had a high of 18.88 that day, well below where we are trading today!). This is considered Negative Divergence, as Sugar is trading higher today, then the last time period when MACD was at these levels. Bearish Case: Up trendline on a Daily chart that is broken. Daily Gravestone Doji Top completed on the contract high. Negative MACD divergence. Currently trading below the .382 Fibonacci retracement level from the previous trendline. 18.92 (50% retracement level) is very likely to be seen sooner than later. One thing to keep in mind is that 19.50 could be revisited, yet this time acting as resistance. If 19.50 is revisited, and remains intact as resistance, a close below 19.17 in needed as confirmation to continue lower. -Paul Wankmueller CMT
ICEUS:SBN2022Short
by Paul_Wankmueller
Sugar Futures ( SB1!), H1 Potential for Bullish BounceType: Bullish Bounce Resistance: 20.32 Pivot: 19.96 Support: 19.81 Preferred case: We see the potential for a bounce from our pivot at 19.96 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 20.32 along with graphical swing high resistance. Alternative scenario: Alternatively, the price may break our pivot structure and head for 1st support at 19.81 in line with 61.8% Fibonacci retracement. Fundamentals: No major news.
ICEUS:SB1!Long
by Genesiv