How Sweet It IsSugar is breaking out of a 58 day Head and Shoulders bottom. Price Targe is 12.53
AMEX:CANE
ICEUS:SB1!
Key stats
About Teucrium Sugar Fund ETV
Home page
Inception date
Sep 19, 2011
Structure
Commodities Pool
Dividend treatment
Capitalizes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Teucrium Trading LLC
Distributor
Foreside Fund Services LLC
CANE reflects the performance of sugar futures contract. It holds three sugar contracts at a time in a laddered fashion to mitigate the effects of contango. This method differentiates the fund from its GSCI benchmark, which holds the front-month futures contract. CANE's strategy can work in its favor should sugar fall into steep contango. The fund's commodities pool structure means a K-1 at tax time and a blended tax rate.
Classification
What's in the fund
Exposure type
Futures
Cash
Bonds, Cash & Other100.00%
Futures59.85%
Cash40.15%
Mutual fund0.00%
Top 10 holdings
Cane trend downFor quite some time im not lookin into cane etf even though its very important commoditie from brazil.... for moment its down trend... sell it
How many gangsters trading CANE? This could definitely be a meme 😆
CANE had a break of an ascending triangle on the daily. India sugar production is in question causing increases in the price.
Want a SWEET Future ?Let's take a look at the monthly chart. Of course, it is easier to draw and analyse the charts on hindsight, plotting all the support and resistance level.
Rather than arguing if you are the first person to spot the bottom or breakout, I am more interested if this trend will persist and if the mar
Sweet Potential Gains ( Pun Intended)Sugar ETF Proving to be sweet, not only to the mouth but to the bank account as well.
Another Bullish Move.
Reasoning
Flat Consolidation seems done
Correction is not overextended
Double bottom with second low undercutting the first
Consolidation is long enough, 4 weeks
My Would Be T
Sugar Far Too Extended? Possible top in the making from here with 12.25 as the first downside target
CANE needs a little sugar in the tank Weekly chart.
Ideally, I like to see a more substantial move above the orange spiral and then a retest. Looks to be playing with the idea now.
If support on the orange spiral cannot be found, look for support on the lower green spiral for possible entry in the 7's
CANE: further downside potential?A price action below 8.95 supports a bearish trend direction.
Crossing above this level will negate the bearish trend direction.
Consolidation between 8.75 and 8.90.
Crossing below 8.75 might target 8.65 which is the previous low.
Sugar ETF ($CANE) Has an Inverted Head and Shoulders PatternThis is usually a bullish pattern. So, it is time to buy some sugar.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
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Oscillators
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.