Sugar avoided the double top on the daily, found crucial support and is now clearly inside a “wait and see” price channel. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and […]
Sugar #11 resisting the bitter environment and is in a consolidation phase within the overall uptrend of the last 2 years.
Sugar below a long-term head/shoulders neckline. However, the negative measured target makes no sense.
Since the last rally failed around the 50% retracement, US sugar has not showed any signs of bottoming out. Always use a stop-loss when trading!
Sugar longs hope that the beautiful symmetry of the long-term chart can go on, leading to higher prices. chart: investing.com
200-dsma is the stop on longs. Given the distance from current prices, keep position size in check. chart: investing.com
Crazy good trading opportunity that I missed in US sugar. The market created a major bear trap and double bottom just below $10 to explode about 40% in the last few weeks. source: investing.com
If my mirroring analysis is of any value, then SB should be heading further south pricechart: INVESTING.com Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The presented material does not constitute investment or trading advice. The presented material has no regard to the specific investment objectives, financial situation, or […]