Sugar near a topBased on price action, sentiment and several indicators, a good SHORT opportunity is building here.
Sugar is in its 5th wave. ABC correction afterwards.
NFA.
SUGARRAW trade ideas
NY SugarWhen the price started to stand in the orange square I was thinking of going long...but there is an important weekly resistance area ahead...the price on the daily time frame was able to change the bearish trend to the bullish trend...now the weekly resistance is ahead The price has continued to grow...but the good news for the bulls is that the price has not been able to break the daily support...not even close to it...I think the strength of the daily upward trend is high and it will take the weekly trend with it. slow...this week the daily uptrend was fighting with the weekly downtrend....I place my long order above the red line and wait.
Its time for a sugar rushSugar is respecting an important area, and after holding the support area of 19's I expect a travel to the 24 level. First stop at TP 1 21, TP 2 22 and TP3 24.
High risk-reward option for this trade.
Good luck
2 Scenario fot Sugar Dailydo now it came to retest the resistance and for me two scenario is waiting us
Sugar Bearish Trend The asset is in a downtrend, the weekly, daily, and 4-hour trends are in sync. I am waiting for the creation of a higher low to open a position.
Sugar | Buy the dipHello friend!
in my opinion there is a high probability that sugar will bounce up from this zone. chart is a little messy i know.
Good luck & DYOR!
📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two lower highs (upper trendline).
Draw another trendline connecting at least two lower lows (lower trendline).
📈 What it Signals: The Rising Wedge suggests a potential bearish reversal, with sellers prevailing at lower highs within the wedge. It often forms during uptrends and can precede a significant price move to the downside.
📈 Trade Strategy:
Consider short-selling or setting stop-loss levels if the price breaks below the lower trendline of the Rising Wedge.
Set profit targets based on the pattern's height subtracted from the breakdown point.
Implement a stop-loss to manage risk in case of a false breakdown.
Remember to use other technical indicators and conduct thorough research to support your analysis before making any trading decisions. Happy charting and trading! 📉💹
Sweet Opportunity in Sugar!Sugar is sitting at a major support now and there is a high probability for price to rise from this level.
Happy Trading!
Sugar - Short tradeSugar due for a bearish reversion to the mean. Disciplined use of a stop loss above previous pivot high as it represents a long term high price which, if broken, could see a strong bullish breakout.
Sugar is bullishSugar is in an ascending trend , i think sugar will retest the support line at 25 then when it breaks all time high , it will go to 31
SUGAR - end of bullish market?- Double top at 27.56
- Support at 26.64 broken and confirmed
- Next support @ 25.214
- Target @ 22.23
SUGAR Supply And Demand AnalysisSee picture above for analysis.
Price insdie daily area of supply so shorts are valid with confirmation.
SWEET SHORT ON SUGARBeen a while since i shared publicly other commodity calls dont wanna overstock my profile with ideas
that said sugar prices are testing my zone while producing lower lows and candles are getting weaker towards the zone
Sugar didn't breakthrough after strong trend up last weekIn 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
Sugar SellAs I was taking another look at Sugar, I realized that a bull flag (my previous analysis) is now out of the question and a symmetrical triangle has now broken down. The initial measured move target was hit about a week after the breakdown occurred and price has just pulled back to a horizontal resistance area just below the triangle. This area has now been rejected twice by two shooting starish candles and I'm now short. My target is just above the larger expanding triangle where the previous leg up stemmed from.
Sugar Bull FlagAfter breaking out of an expanding triangle (not shown on chart), Sugar has had a massive run to the upside. A bull flag pattern has formed and pricehas just testedand rejected flag support along with a horizontal support level. I like this instrument to upside and decided to open a small position here just before the week's close (bullish engulfing pattern at supports). If we break upwards out of the flag pattern, then I'll be looking for another long entry.
SUGAR - SHORT SETUPIm 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
SUGARUSD Bearish ShortTrading AnalysisSUGAR 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 mention that the support is a crucial zone of interest. As it could reverse or keeping it's bearishness due to it's heavy many spikes of volume.
A parallel channel has formed. I would place a sell limit in it's latest order block as seen in the picture, also to mention that there are many inside bar candles in this order block which can be used efficiently for the right trade, in this scenario shorting.
A nice 650+ pip move if all goes as speculated.
- David van Delden
SHORT SIGNAL ON SUGARThe 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 BULISH SCENARIOPrice boost and upward momentum on Raw Sugar, after India declared that a downward revision on its sugar cane crush. Being the second largest manufacturer of sugar in the world, this news had a positive effect on the price of the raw material.
Both MACD and RSI are confirming the current trend. If it continues, the price might reach levels of 25.539
As a pivot point levels of 22.43 can be used, and if the price breaks below it, can test levels of 21.58
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Sugar no. 11 heading to resistance then a retrace is anticipatedRaw sugar prices raises as Oil prices raises and manufacturers prefer producing ethanol over sugar. Next resistance at the mentioned level then a bull back or correction is most likely to happen. Oil has to fill the huge gap and that might be the time.
Sugar LongHas formed a bullish engulfing + inside Bar in 1H timeframe.
Buy: 19.826
SL: 19.619
TP: 20.420
SUGAR PRICE FORECASTA triple top formation a reversal at
TP1 is a confirmation of it being a range
SENNA SEASON
