SUGARUSD Target Price 0.20294SUGARUSD Ascending Triangle; Symmetrical Triangle; Exponential Moving Averages; Trend Lines
Sugar
SUGARUSD Hit Take Profit (2021/11/11 Trade Idea)I still have one open position and trailing my stop loss.
Uttam SugarsLikely to follow uptrend changed in MACD consolidation yet Break out
Target 1 - 243.30
Target 2 - 267.80
SL -170.90
SUGARUSD (Watch Price Level 0.19318)If a candlestick closes below 0.19318, then I will exit my long positions. A double top pattern formed on the chart which indicates a reversal.
SUGARUSD (Sugar) Target Price 0.19966SUGARUSD Entry at 0.19082. In the chart shown below, I used the symmetrical chart pattern to enter early. I entered before the planned breakout at price level 0.19318.
The chart shown below is the current status.
SUGARUSD 2021/11/04 Trade Idea In ProgressSUGARUSD. As expected, SUGARUSD Market closed above price level 0.19318. First entry was on 11/04/2021. Next entry will be on a Pull Back.
SUGARUSD Target Price 0.20352SUGARUSD. Wait For A Close Above 0.19318. Wait For Price To Close Above 0.19318. After the close, watch for a price action signal.
SUGARUSD Descending Parallel ChannelSUGARUSD. Wait for price to close above or below channel support & resistance before entering.
Sugar (Sugar No. 11 - May 2022) set to continue the trendI firmly believe raw sugar futures are set to continue their upward trend seen for months now. While they have consolidated for a time and recently dipped below temporary support, which could be mistaken for a trend breakout, I believe we are simply seeing a sell-off as a reaction to the futures having floated highly above the trendline for a long time. As pointed out on the chart, the recent sell-off is of a magnitude similar to earlier sell-offs, and furthermore, we are resting firmly on the trendline. However, the risk of a trend breakout is significant and I recommend a tight SL at 18.45. On the other hand, should my hypothesis prove right, enjoy the ride and take profits at your own discretion.
Buy sugar higher 20.37$Good opportunity to buy sugar.On the picture I wrote why we should buy instrument above level 20.37$ .If you have some questions about this or another instruments you are always welcome to ask me.
Sugar 1-day classic patternsQ: What has the highest probability of occurring?
There are bearish pattern failures followed by bullish pattern validations into an uptrend.
There are 2 classic patterns 1 is validated the other has not validated.
The cup & handle is in breakout and is approaching its target.
The pattern projects $0.2175 per pound as the target.
The bull flag is not validated.
This pattern projects $0.2200 per pound as the target.
Objectively $0.20 per pound is a psychological resistance level. The price for a pound of sugar has increased and the breakout from bullish patterns coinciding with the failure of bearish patterns reflect this. Volatility is declining and the rate of change has dropped below 0. Declining fear and a break in the trend's momentum.
Since the cup and handle has validated the bias is for long positions. Confirmation of the bull flag provides a starting point for trend continuation.
Renuka Swing Tradeprice is at a crucial support point which includes the following.
50 EMA,
.618 FIB RETRACEMENT,
AND TRENDLINE SUPPORT.
WAIT FOR THE PRICE FOR FURTHER decisions before taking position into the stock
SUGARUSD EMA 10 EMA 20 Rejection Candlestick and TriangleSUGARUSD. Watch how Sugar responds to the trend line after the symmetrical triangle breakout. Entry at the intersection of trend line and EMA 10 EMA 20 with rejection candlestick wick. In the this technical chart there is a TREND, Diagonal LEVEL, and SIGNAL.
Commodities - Accumulation in Inflation Expectations ContinuingOne to Watch as it breaks out and look out above.
Trading the Break.
MSM - Downtrend Line BreakoutMSM - Changes direction from breaking the downtrend line. Pending Resistance to break at 1.41.
Sugar Futures and related news.Lets take a look at Sugar Futures and related news. Read for educational content that can benefits us with profitable trades and in time reaction to any market trend direction changes.
Is it a good time to sell some SugarThe buying spree at 17/05 NY open didn't make the market move very much. Instead, it creates volatility in the Sugar market. Therefore, I believe the Bulls are just not there to defend the market and a breakout should occur soon.
Trailing Stops should be used when the price hits 16.62.
SUGAR : ANALYSIS 1D TIMEFRAME - PRICE READY TO GROW ! 🔔 Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
Check the Link on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Take Profits ! ! !
bullish sugarwith commodities going up i see sugar continuing his bullish rampage till the end of april, that corresponds at the end of this contract. i see it touching 20 before the closing of the contract.
Sugar long - a fibo ret. discussionfundamental side - Brazil is switching production from ethanol to sugar, because of low oil prices - India and other countries in Asia have a lower sugar production because of bad weather conditions
