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 luckLongby richard7_Updated 228
Sugar run to 0.213Wait move up in channel to 0.213. Down channel. Wait target upper line. My target 0.50% Fibo.Longby Oner1
Sugar Is No Longer SWEET~Back in April 2021, I said sugar was sweet! It had a phenomenal run since. However, that has now come to an end. After breaking a rising wedge. Sugar bulls should use this recent pop to take profits and lock in the profits. Shortby RealMacroUpdated 114
2 Scenario fot Sugar Dailydo now it came to retest the resistance and for me two scenario is waiting usShortby ozgurbozkaya1
SUGARUSD Chart, rebound insightSugar could hit the lower resistance and then bounce to the higher resistance. OANDA:SUGARUSD by JulianRichard112
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.Shortby EduardoJE2
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. Shortby Ben_vouhUpdated 2215
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!Longby Palambir0
📈📊 #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! 📉💹 by RaffDN0
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!Longby Palambir4
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.by fugutrader2
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 31Longby drhaobsha0
SUGAR - end of bullish market?- Double top at 27.56 - Support at 26.64 broken and confirmed - Next support @ 25.214 - Target @ 22.23Shortby PetrBorosh110
SUGAR - LONG - 0.32$ in 2024Brief explanations of my trading idea: 1️⃣ Sugar is in an upward long-term trend, working only in long is a priority - since March 2020, the price of sugar has already increased by a little more than 100%, by 2024 it will already be about 270%, that is, compared to March 2020 - until 2024 of the year sugar will rise in price almost x3.5 😱 2️⃣ In the first quarter of 2022, a correction to 16 cents per pound of sugar is likely, after which the uptrend is expected to continue. After the correction, the sugar will make x2, as I said many times before. 🎯 My target for 2024 is 0.32-0.33$ per pound of sugar , after which the price will drop to current levels by 2027.Longby AnonymousTraderAcademyUpdated 4
SUGAR Supply And Demand AnalysisSee picture above for analysis. Price insdie daily area of supply so shorts are valid with confirmation.Shortby MoneyballAustin6
SUGARUSD Confirmed the Bullish BAMM Trigger Line as SupportThis has been a Years Long trade and Sugar is nearly there at the 88.6% target, but I do think since we spent some time testing the B point as support that it has potential for pushing all the way to the 1.13 Extension to complete a Full ABCD, so I will be opening up another bullish position on the CANE ETF from here and targeting higher levels.Longby RizeSenpaiUpdated 222
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 Shortby Bekiumuzi_DubeUpdated 333
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 = $25.2Shortby seemikelauUpdated 331
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.Shortby KH2_Artizan0
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.Longby KH2_Artizan0
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 corectionShortby sfc954
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 DeldenShortby ImperialTrading2
LONG SUGAR/USDPlease use the position tool to guide your entry and/or exit into the position. I will update the idea whenever necessary. Look forward to more profitable trading signals. Happy trading: You're welcome!Longby ZAR_RepublicUpdated 5