SUGARUSD trade ideas
Will Sugar Lose Its Taste From Here?Comments on the chart. The market has a way of faking a breakout and then turning tail and going the other way. So I am checking this one out
SUGAR FUTURES : long It is expected that sugar producers will go to the same supply cut as the OPEC producers .
Technically:
Symmetrical triangle has been broken upwards on the Daily Chart.
Moves in the rising trend channel.
SELL SETUPPrice moves currently in correction of medium term downtrend.
Whole correction might develope in trinagle pattern and as for now quality of pattern in making is very good.
I expect breakout of the correction to downside and continueation of downtrend.
Looking at whole structure oc downtrend it will be last wave don on daily timeframe before reversal.
You can enter short after breakout of lower line of pattern.
Good luck
Sugar: Triangle Pattern Suggests An Immediate Upmove...... then a downmove to new lows. Comments on the chart.
SUGARUSD Sell the breakout Hi fellows. We are looking for breakout down on the Suga. Sell the breakout.
SUGAR up tp 0.25 next yearSUGAR up tp 0.25 next year. Analysis derived from higher timeframe. I'll add weekly image to make it clear
Sugar trapSugar break out, but trapped in small channel so cannot find direction. Could continue up or fake-break and return to down trend?
Sugar exit from clusterit seems that with Friday's trades sugar has entered a new zone, both in D and W . If the season keeps surprising with the weather, sugar could easily reach the upper bands of the fork. there three more serious hurricanes approaching the continent , could present situations
SUGAR where are you going?SUGARUSD is in a downtrend and for that we look for good short entries and I can see 2 nice entries one is after ABC completion and one after the 5 wave correction. If price drops from actual level I would wait a flag after lower red line to entry.
Long CandyIDEA: Expecting long move with support at 14127 @ Daily Average pivot & resistance @ Daily S2 pivot 14538 . Looking for Fibonacci support along the way to confirm the trend move. If daily average fails, expecting further support at 14049.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
SUGAR - Ten times more expensive candyYour favorite cookie or candy bar will be 10 times more expensive in just a few years....
