www.tradingview.com White Sugar price increase will lead to the breakout of local Delta sugar price. Long position is foreseen check the analysis to determine whether it suits you
Urea & White sugar prices increased in the commodities market; this price increase will flirt with the bullish fertilizers sect of the EGX. ABUK & MFPC will lead EGX30 to the 30K Bar. SUGAR is TAILGAITING
13:45 on Thursday, Bullish signals were present. Sugar is supertrending, taking into consideration stability of USD EGPp rate.
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
Week setup: Bearish Engulfing bar Day signal: Retest of Hidden Head & Shoulders neckline. 4HR Signal: Retest of Head & Shoulders neckline + Double Tops downtrend. 1HR Signal: Retest of Double Top downtrend neckline. IDEA: A strong daily close of price below $549 would suggest a more bearish sentiment.
Drawing a Fibonacci Retracement from the low of 17.36 made on Feb 3, to the high of 20.46 made on April 13, we have retraced 61.8% of the up move. 18.54 is that level, which was also the low of the day yesterday, May 4, 2022. This is the line in the sand for bulls, but considering it held, and we are about to poke our head out above the Ichimoku Cloud, the odds...
Hi traders, today´s analysis contains information about possible COT trade in the SUGAR. Commercials increased their Long positions, and we are near the extreme SUPPORT level - Edge of the Value area! Sugar also created a nice REJECTION that confirmed our expectations. Do you remember "Buying tail" from the last videos? Sugar´s tail is one of the most...
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