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No. 11 Sugar FuturesNo. 11 Sugar FuturesNo. 11 Sugar Futures

No. 11 Sugar Futures

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YO1! trade ideas

Profit taking on Sugar Unlike most stocks and indices, Sugar commodity did not resurrect itself from the March Low but rather in the month of May this year. It is now displaying a potential H&S pattern with the left shoulder formed and in the midst of forming the right shoulder. Also, it has reached the resistance at the weekly bearish trend line as well. Will it break out from here? Possibly, it could continue its bullish stand and ride higher OR have a healthy correction, closing the gap at 13.05 to 13.23 level before making its move higher. I will wait for the next opportunity to accumulate more. Meanwhile, those who followed my trade call, you may want to consider taking some profits as well.
ICEUS:SB1!Long
by dchua1969
Obese EU NA MEX populations will fight like for toilet paperHey I'm looking more into those commodities that I understand and had success with rather than popular stocks where I ALWAYS lose (and I do not see what the purpose of short term speculators even is with stocks), or crypto that never does anything because it is dead. Sugar this year has been doing a daily volume of usually around 2 billion usd if the ICE data is correct. Looking just at the front month it would be about 1. With all the price controls and governments throwing subsidies at sugar farmers the futures market is only a shadow of its past glory, but the laws of supply & demand did not disappear and it still has a purpose. At least letting governments know how much purchasing power they will have to steal from their populations to throw at wealthy farmers. The ICE is the place to find info about sugar 11 www.theice.com The CME tries to compete, and their site is much better than that thing above ^ They are a good place to look at. www.cmegroup.com Here you can find a map differentiating beet & cane producer. It is reather easy: old world christians, muslims, japanese produce beet, rest of the world south of those places makes cane sugar. www.czarnikow.com Climate change is surreal humour in a bubble and check weather data for yourself. www.holiday-weather.com www.timeanddate.com en.tutiempo.net Brazil no rain no rain no rain no rain India storm storm storm storm This summer was so cold, did not hear the media, except in august when it was hot for part of it. Some FUD "Production will go up" "Production dropped" kek, media. www.financialexpress.com www.business-standard.com The addicts will get their fix no matter what it takes no matter the price. Stronger than cocaine. Also there is something with this time of year and the way the contract works. It's sort of like Oil 😉
ICEUS:SB1!Long
by MrRenev
Sugar hedgers reach ‘Extreme’Sugar No.11 prices held below the weekly 200 period moving average last week, topping out at 1353.6 (1) as Smart Money Hedgers added to their already large short positions, reaching an extreme (-291797.00 contracts). 50% fib, taken from the Feb highs and April lows of this year junction nicely with rising wedge support at (2), a convincing break below support will most likely see Sugar prices decline further down to the 1130/40 support zone over the short-medium term as a first target to watch out for. Alternatively, if support holds at (2) the bulls will attempt to recapture 1353.6 followed by 1400.0 and 1420/30s in extension where another good selling opportunity could introduce itself.
ICEUS:SB1!
by rapidrunners
5
US Sugar futures ( SB1!) - stay short for bearish outlookUS Sugar futures ( SB1!) has completed ABC zigzag as the part of Y wave, as mentioned in previous updates. The total sequence is WXY as double zigzag, which is well known in Elliott wave theory and mostly seen in commodities and currencies. In last updates, we already posted the bull set up for buy a C wave, Now its over. stay short in B wave up at around 12.73-81 with stops above 12.97 for target range of 12.25 as support zone or lower too. make sure that B wave is not too sharp before entering the trade set up.
ICEUS:SB1!Short
by EWFcw