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
#FOOD #SUGAR
Cheap sugar is only in our dreams.
At the moment, the accumulation phase is nearing its end. The technical figure "flag" begins to be traced, the exit of the market from which, according to the canon, should take place upwards.
The first target will be the resistance level ~24.
Its breakdown will send futures with a high degree of probability to...
I want to return to Sugar. This market doesn’t have a strong setup. However, there is a chance for a short-term trade. The seasonal tendency is to the upside. Besides, we have a divergence in the 4h chart. So, breaking above the trendline can bring us some profits.
In my last post I indicated a great buy opportunity on sugar at 0.100. Now one week later, sugar is trading roughly 7.5 percent higher at 0.1075. We can see it forms a nice uptrend since the strong rebound at 0.900 price level, forming a support line with the support at 0.100.
We are dealing now with the previous local high of 0.108 early May, and we will battle...
Sugar.
It was in a clear downtrend from mid February. It tested the psychological level of 10.00 mid-april, broke through, found impulse-bounce support on 9.00, to go straight back to 10.00.
After 10.00, it broke out, and slowly retraced back to 10.
Since the impulse from 9.00 to above 10.50 went quick, and the retracement back to 10.00 slow, we can see assume...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Sugar hit a support level and in my opinion, it is up from here. Market may retrace down a bit more or justgo up from here. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
