NEW YORK SUGAR continues performing as anticipated. After the completion of the wave 4 correction, the market resumed rally to complete the wave 5 of the same degree.
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.
This has been a Years Long trade and Sugar is nearly there at the 88.6% target, but I do think since we spent some time testing the B point as support that it has potential for pushing all the way to the 1.13 Extension to complete a Full ABCD, so I will be opening up another bullish position on the CANE ETF from here and targeting higher levels.
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,...
Coffee, Sugar, Cocoa, and all 5 milk futures are listed in this layout. People buy a lot of coffee and milk which is why this chart is of importance. The Sugar, Coffee, and Cocoa are obviously used to make the caffeinated drink.
Davangere sugar buy @ 70-80. strong momentum for next target of 150-200 in 6 months. buy only if you can manage your risk.
In the last 3 trading days, the strong trend brought up Sugar to challenge the diagonal trend line. Eventually it went down yesterday and therefore it is believed to be an excellent short opportunity. Target max = $25.2
Im short on macro time on SUGAR, just look at this chart...more timefrime means more accuracy so this is looking overbought so, i think the next step will be a distribution and after a corection
Price has confirmed an Uptrend after violating a Monthly Supply and now is reacting to a Quarterly Demand which should take around a years time to achieve the benchmark of 4:1, the exit is tricky and if not exited @ given target profits may decline rapidly. This trade will help u increase your savings, as its gonna take a years time due to Price coming from a...
SUGAR RAWUSD Bearish trend forming for Sugar Commodity We are seeing a Elliot 5 pattern way theory occurring as well on the 2-3 hour charts. But most importantly sugar is spiraling down towards a major support level. Clearly the uptrend has broken it's trend line with a fake cat bounce/retest making it definite the reversal has occurred. FIB LEVELS also...
Possible top in the making from here with 12.25 as the first downside target
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.
Please use the position tool to guide your entry and/or exit into the position. I will update the idea whenever necessary. Look forward to more profitable trading signals. Happy trading: You're welcome!
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!
The scenario is very simple: We have a double top on 4h time frame, and we need to wait for a breakout of the trend.
Sugar prices have soared this year, up +21.6%1 owing to concerns about tight global supplies. Lower Indian supply coupled with weaker than expected output from Thailand, (at the second and third largest sugar exporters respectively) continue to provide a tailwind for sugar prices. While Brazil’s harvest in the coming months is expected to be strong, logistical...
After a decade Sugar is now ready for the breakout move. A simple trade with great risk-reward. Soon we will be hearing many complaints about food inflation.
falling for decades, sugar has been a poorer investment than gold