it seems that sugar is going to conquer new heights.
With this situation, in my opinion, inflation will grow again (caused by external factors) and the scenario of inflation stagnation, which is less likely to happen due to weak inflation reports, will become the main scenario again. the reason why I constantly emphasize buying gold is this. Is.
in my opinion,...
Daily SB analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a...
Daily SB analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments
Pour some sugar on me!
Note:
Sugar's last volume defined resistance before take off
Sugar's MASSIVE volume defined base (50 year equilibrium)
Silver's reactions...
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
SUGER
We expect a drop in the sugar commodity, since prices are below the resistance point of 18.70, and we expect prices to target 17.61, and we also expect more decline in wave ((iii)) target prices of 16.69 in the coming period
SUGER
We expect a drop in the sugar commodity, since prices are below the resistance point of 18.70, and we expect prices to target 17.61, and we also expect more decline in wave ((iii)) target prices of 16.69 in the coming period
Daily SUGAR analysis
Sell trade with target and stop loss as shown in the chart
The trend has turned from bullish to bearish, and we may witness in the next few moments more collapse
October Sugar has been climbing off the August 1st lows after the collapse we saw from July 18th highs near the 19.50 level. Overall, the market has been trending lower with lower highs and lower lows and has pivoted to the downside again after testing strong resistance near the 200-day moving average and the .382 retracement level. There is also a nice trend line...
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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This potential "M" pattern (inverted dragon) would go a long
ways in adding to the "inflation is turning around" thesis should
it play out. Our initial (full) vertical target is confluent
with the posited "tail" area.
Preferred Case: On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.42 in line with the 78.6% fibonacci projection to the 1st support at 17.58 in line with the 78.6% fibonacci projection and horizontal swing low.
Alternative scenario: Alternatively, price may reverse...
Title: SUGAR NO.11 (SB1!), H4 Potential for Bearish Momentum
Type : Bearish Momentum
Resistance : 18.96
Pivot: 18.42
Support : 17.58
Preferred Case: On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.42 in line with the 78.6% fibonacci projection to the 1st support...
October Sugar is testing some strong technical points after being in a downtrend the past few weeks, following the negative outlook of outside markets. Looking back to July of 2021, there is strong trendline support the market has been able to hold, and a break below here could be a catalyst for added selling. With India reporting a cut in exports for the year...
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.40 in line with the 78.6% fibonacci projection to the 1st support at 17.59 in line with the 78.6% fibonacci projection and horizontal swing low. Alternatively, price may reverse off the pivot and rise to the 1st...
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.42 in line with the 78.6% fibonacci projection to the 1st support at 17.58 in line with the 78.6% fibonacci projection and horizontal swing low. Alternatively, price may reverse off the pivot and rise to the 1st...
✅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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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...
