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.Shortby sfc95Published 1
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 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.Longby legacyFXofficialPublished 0
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.Shortby FazoraPublished 1
Sugar LongHas formed a bullish engulfing + inside Bar in 1H timeframe. Buy: 19.826 SL: 19.619 TP: 20.420Longby Rayo_mxpPublished 0
SUGAR PRICE FORECASTA triple top formation a reversal at TP1 is a confirmation of it being a range SENNA SEASONShortby Bekiumuzi_DubePublished 1
Sugar ForecastPrice may fall down to the 18.809 area before turning bullish to 20.436. A note for the 18.240 as a potential maximum that the bear's momentum can reach. Patience is required for the bears to clear out. For that reason, the overall trend is neutral.by KhiweUpdated 111
Sugarit think sugar short, google translate: Mongolia to English no problemShortby ininnicePublished 0
us sugarselling may come around 20.40-20.46. if crosses this level further upmove till 20.85, in short term consolidation here / profit booking can come at this level , above this level good to go for 24. short below 19.50 or take sl of this levelLongby TradernawabPublished 1
Forecast SUGAR#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 cross the global level at 39, which is approximately x2 from current prices. This is possible if the world system plunges into hyperinflation, the signal for which is already given by the actions of central banks (yesterday's post on the Bank of England). Under such a scenario, it would be wise to buy food and essentials at current prices.Longby airstelsPublished 5
Sugar D1: buy by market SL 17.10 TP1 18.65 TP2 19.50Seasonal lines call for bullish turn from WD-TH this week. For details write a private message to get a reference to comprehencive cycle analysis. Expected bullish development is going to proceed till the middle of Oct.Longby Timing_SolutionsPublished 2
SugarSugar has been trading within a large rising channel for almost a year. After recently testing and confirming channel support, price has rebounded and we're just about halfway up the channel. A falling window (gap down) served as resistance on the way down to support and has also temporary stalled the current rally. Now, after a strong daily close above the falling window we are currently testing old resistance as new support. I'm now long and looking to take a small piece out of this market as price moves towards channel resistance.Longby KH2_ArtizanPublished 0
How does the surge in sugar futures affect Coca-Cola’s profit? Sugar is used in food, beverage, and in biofuel production, and its importance in global trade gives it a strong position in the commodity futures market. The price of sugar has surged 17% since the beginning of January 2021. Reduced Brazil production Sugar prices have recently been affected by production levels in Brazil, a key sugarcane producer and exporter. In May, Brazilian mills reportedly had to cancel sugar export contracts as they shifted to ethanol production, seeking to capitalize on high energy prices. Brazil supplies half of the world’s sugar, producing 654.8 million tonnes of sugarcane, 41.25 million tonnes of processed sugar and 29.7 billion liters of ethanol annually. As the Ukraine crisis triggered a global energy crisis, Brazilian farmers shifted to ethanol production. However, the US Department of Agriculture estimates that sugarcane crop in Brazil will recover 6% year over year to 613 million metric tons in the 2022-2023 marketing year. Strong output in India and Thailand Still, India and Thailand, which also export substantial volumes of sugar, are making up for the reduced output in Brazil. Last month, a trade group in India said the country could produce a record 36 million tonnes of sugar in 2021/22, up 3% from early estimates. The record output in India and improving production levels in Thailand could bring global sugar prices down. But concerns that the Indian government could curb exports recently pushed the prices of sugar futures higher. Sugar users bear brunt While concerns of lower sugar production can be a win for sugar futures traders, users of the commodity are bearing the costs of low sugar supplies and higher inflation. Coca-Cola (NYSE:KO), known for its namesake sugary drink, is considering additional price hikes as record-high inflation is eating away companies’ profit margins. Last year, Coca-Cola raised the prices of its products to counter higher commodity costs, joining other consumer brands like PepsiCo (NASDAQ:PEP) and J.M. Smucker (NYSE:SJM). The price hike helped the soda manufacturer grow its full-year revenue in 2021 by 17% year over year to $38.7 billion. Household brands like Coca-Cola, which continues to dominate the global market for soft drinks, have strong pricing power, allowing them to pass on higher input costs to customers. Thus, Coca-Cola’s stock price has risen in line with the price of sugar since the beginning of 2021, up by ~20%. However, Coca-Cola and rival PepsiCo recently suffered from lower margins despite strong revenues. The companies warned in February that rising costs are weighing on their profit margins, prompting them to lower their sales expectations. Banking on pricing power "We control our supply chain basically all the way to the shelf. That puts us in a relatively better position, but I wouldn't say we're not going to have challenges. We're not immune to that," Johnston reportedly said. PepsiCo’s stock climbed 13% over the past year as of Tuesday. Coca-Cola CFO John Murphy echoed Johnston’s concerns, telling analysts in an earnings call in February that the company continues to expect commodity price inflation to have a mid-single-digit impact on comparable cost of goods sold in 2022. But Murphy remains bullish on the company’s pricing power, saying commodity pressures will be offset by the company’s “pricing power and brand leadership.” by BlackBull_MarketsPublished 1
Sugar 2022Let's eat candy while watching sugar prices) * None of what i write here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose your money.by traderissoPublished 2
Eat more sugar plzHi, i just bought some sugar. Plz eat more sugar. Thx.Longby Option-ChainPublished 1
SUGAR update - 28/04/2022expecting a strong move higher in wave 3, on the other side and as alternate count the move lower than 18.945 will let us expect a big flat pattern in wave 2.Longby tradezignPublished 0
SUGAR LONGHey Guys! Check this out... Bullish on Sugar. What do you think. Cheers!Longby jabariofafricaPublished 0
Sugar update - 03/04/2022remaining higher than 18.657 will reinforce the idea of wave 3 that target higher than 22, critical support at 17.746 Longby tradezignPublished 1
SugarPrice broke our trend line , it's a late entry, price is already making an upmove and reaching target.by FXYoungEntrepreneurPublished 1
Sugar on the Rise this MonthNot sure if you're into flipping Sugar LOL. I suspect sugar to go up this month and will be monitoring using the Daily Chart. Entry - 0.1240 Take Profit - 0.1410 Stop Loss - 0.1140 I am not a fortune teller so take these predictions as pure entertainment. Trading has great risks so trade responsibly.Longby UnknownUnicorn1299022Updated 2
Raw_Sugar#11 Technical analysisHi Traders, We might have long opportunity for the medium terme, It will be the (C) wave of the corrective structure (5-3-5) witch the Suger is going through since 09/2015, I will be monitoring the (d) & (e) waves of the 5 wave structure (3-3-3-3-3) on the bottom, it could reverse the trend on medium terme for new bounce backup to the top of wave (A). We must watch big players behavior during the end of this month, i will be looking for agressive Bullish candle stick @ the end of wave (d). Never risk more than 1 to 3% for your total account, Best Regards, Omar Longby OmarNAMOUCHIUpdated 5510
Possible Scenarios for SugarAs you know, it was following a bearish channel, but consider the daily resistance line around 0.127, and the lower bullish trend line who prevented more fall of price for three times, & bad fundamental news from Brazil & India, I guess I`ll buy sugar soon-possibly after breaking the upper line of channel while moving averages confirm all this too (hopefully :). But if this won`t happen, we`ll have much more fall & maybe even the lower line of channel breaks (so dramatic!) heading for the other partial trend line. For now, we`ll wait, but if you`re love with setting up positions, set an approximate buy stop over the channel! by redlight7Published 2