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Sugar

Sugar Futures (SB1! ), H1 Potential for Bearish DipType : Bearish Reversal Resistance: 20.69 Pivot: 20.41 Support : 19.86 Preferred case: We see the potential for a bearish dip from our pivot at 20.41 in line with 138.2% Fibonacci extension towards our 1st support at 19.86 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by stochastic indicator where price is trading near resistance level. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 20.69 in line with 161.8% Fibonacci extension. Fundamentals: No major news
ICEUS:SB1!Short
by Genesiv
Sugar Futures ( SB1! ), H1 Potential for Bearish DipType : Bearish Dip Resistance: 20.69 Pivot: 20.36 Support :19.86 Preferred case: We see the potential for a bearish dip from our pivot at 20.36 in line with Fibonacci extension towards our 1st support at 19.86 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is trading at resistance level. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 20.69 in line with 161.8% Fibonacci extension. Fundamentals: No major news
ICEUS:SB1!Short
by Genesiv
Sugar Futures (SBK2022), H1 Potential Bearish DipType: Bearish Dip Resistance : 19.89 Pivot: 19.63 Support : 19.05 Preferred case: Price is approaching our pivot level of 19.63 in line with 78.6% Fibonacci retracement. We see the potential for a bearish dip towards our 1st support level of 19.05 in line with 50% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where price is trading at the resistance level. Alternative scenario: Otherwise, price could potentially rise to the 1st resistance level at 19.89 which is in line with 161.8% Fibonacci extension.. Fundamentals: No major news.
ICEUS:SBK2022Short
by Genesiv
Sugar Futures (SBK2022), H1 Potential Bearish ReversalType: Bearish Reversal Resistance : 19.89 Pivot: 19.57 Support : 19.09 Preferred case: Price is approaching our pivot level of 19.57 in line with 138.2% Fibonacci extension and 78.6% Fibonacci retracement. We see the potential for a bearish reversal towards our 1st support level of 19.09 in line with 38.2% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where price is trading at the resistance level. Alternative scenario: Otherwise, price could potentially go to the 1st resistance level at 19.89 which is in line with 161.8% Fibonacci extension and 61.8% Fibonacci projection. Fundamentals: No major news.
ICEUS:SBK2022Short
by Genesiv
Sugar Futures (SBK2022), H4 Bullish BounceType : Bullish Bounce Resistance : 19.88 Pivot: 19.01 Support : 18.56 Preferred case: Price is near the pivot level of 19.01 in line with 38.2% Fibonacci retracement and overlap support. We expect price to move towards 1st resistance level of 19.88 in line with 61.8% Fibonacci projection, along with a swing high resistance. Our bullish bias is supported by price trading above the Ichimoku cloud indicator. Alternative scenario: Price may break our pivot structure and head for 1st support at 18.56 in line with 61.8% Fibonacci projection. Fundamentals: No Major News.
ICEUS:SBK2022Long
by Genesiv
SUGAR RAW LONG - Buy Entry - D1 ChartSUGAR RAW LONG - Buy Entry - D1 Chart Buy @ Market Symbol: SUGAR RAW Timeframe: D1 Type: BUY Entry Price: Buy @ Market TP - Resistance @ 20.28 TP - Resistance @ 19.47 Support @ 18.53 Support @ 18.68 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment. ✅ Wishing you enjoyable successful trading 🙏
SLong
by UnknownUnicorn35780991
SUGAR WHITE LONG - Buy Entry - D1 ChartSUGAR WHITE LONG - Buy Entry - D1 Chart Buy @ Market Symbol: SUGARWHITE Timeframe: D1 Type: BUY Entry Price: Buy @ Market TP - Resistance @ 563.95 TP - Resistance @ 586.58 Support @ 524.68 Support @ 528.00 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment. ✅ Wishing you enjoyable successful trading 🙏
SLong
by UnknownUnicorn35780991
Sugar Futures (SBK2022), H4 Bearish ContinuationType : Bearish Continuation Resistance : 18.95 Pivot: 18.34 Support : 17.50 Preferred case: Price is near the pivot level of 18.34 in line with a 100% Fibonacci projection. We expect price to move towards 1st support level of 17.50 in line with a graphical swing low support. Our bearish bias is supported by price trading under Ichimoku cloud indicator. Alternative scenario: Price may break our pivot structure and head for 1st resistance level at 17.50 in line with 38.2%. Fundamentals: No major news.
ICEUS:SBK2022Short
by Rockqet
SB1! (SUGAR) BULLISHSB1! (SUGAR) is bullish. We are going for the Intermediate 5th of Primary C of the cycle be. For now, the target area is roughly $23.43 to $$24.80 which is 50% and 61.8% of fibo. This is the commodity market and in a commodity market, the 5th wave can be extended. For now invalidation level is $17.60 which is the 4th wave for now. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #SB1! #SUGAR
ICEUS:SB1!Long
by anantadhungana
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