The sugar price has now reached the upper border of the pink trend channel. It should now break through this line, as it should continue to rise significantly with the yellow wave b. We expect the high to be in the green target zone between USX 28.72 and USX 30.84, which will then allow for new declines.
A rise has now occurred after the bears have pushed the sugar price a bit down again this week. Around the 78.60% retracement, we also expect the high of the green wave X. This high should now be formed calmly before a bearish three-part move below $20 follows.
The price of sugar has slightly decreased after reaching the desired range between USX 24.44 and USX 26.82. However, we remain cautious about assuming that the completion of the upward movement, represented by the green wave X, has occurred. To further assess this, we are affording the price another opportunity. Following this, we anticipate a notable decline,...
Massive extremes on the PMARP.
being a bit pre-emptive on this short since theres been no confirmation, only slowing momentum on the short timeframes.
Large speculators are the most long sugar since august 2021, so its getting pretty crowded.
Similair fundamentals to this as coffee, only more extreme on the COT side.
ICEUS:SB1! Oh sugar!
Looking expensive in my humble opinion!
Lows: 24.25 Highs: 27.30
We had the bullish flag formation, ever since then we been riding higher but it's at key Fib area and resistance zone! I expect sugar to pull back a little to next lows. However, we could still reach 30 area!
Have a great day ahead,
Trade Journal!
Title: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 23.86
Pivot: 21.89
Support: 21.02
Preferred case: Looking at the H4 chart, my overall bias for SB1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price...
Title: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 21.18
Pivot: 18.94
Support: 20.04
Preferred case: Looking at the H4 chart, my overall bias for SB1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price...
In this update we review the recent price action the Sugar futures contract and identify the next high probability trading opportunity and price objectives to target
Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 20.10, where the 50% Fibonacci line is. Stop loss will be at 20.49, slightly above where the 61.8% Fibonacci line and minor high is. Take profit will be at 18.94, where the 50% Fibonacci line...
Title: Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 21.18
Pivot: 18.94
Support: 19.30
Preferred case: Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue...
sugar
The continuation of the correction in wave 2. on the sugar, and therefore to complete the correction pattern after the last rise, the rise may continue to prices of 19.06 at the level of 78% to end wave 2
Hello,Traders!
SUGAR was trading in a falling channel
but now we are seeing a powerful bullish breakout
So I think that after the pullback and retest
We will see a further move up towards the target
Buy!
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✅SUGAR is going down now
But a strong support level is ahead
Thus I am expecting a rebound
And a move up towards the target
LONG🚀
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● 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 ...
Type: 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...
Type: Bullish Bounce
Resistance: 19.25
Pivot: 18.91
Support: 18.53
Preferred case: Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 18.91 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement towards our 1st resistance level of 19.25 which is in line with 23.6% Fibonacci...
Type: 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...
