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SB1!

Oh sugar sugar...I know in some countries, people drink coffee without sugar but in many Asian countries, they like it sweet. Really sweet , haha. So if you like sugar in your coffee or tea for that matter, you can also make money from it. Day chart analysis : 1. Price is sitting nicely above 21 EMA . 2. See the 3 green caps - it is the Head and shoulder formation pattern. My small purchase in August initially yields profit but I held it too long and it suffers when the right shoulder caves in. A small loss for me:( In end Sept, it touches nicely on the lower black channel and rebound, moving nicely accordingly to my black dotted line target. I bought some again this month at 14.58 and sitting with a small profit of near $200. Thank you God! Now, one must not get too complacent and forget the rear view (longer time frame is like the rear view that you have neglected after you drove past). See my blue circle where the price action was rejected at the 50% FIB level? That means, once the current price hits the 16.95 level, it is good to take some profits off the table or move your Stop loss higher to avoid being cannibalised by the high dosage of SUGAR (not good for the heart either). Oh sugar, sugar , oh honey honey....
SLong
by dchua1969
Has Sugar Bottomed?I just wanted to take a moment to share this bit of insight. I'll try my best to be brief in my analysis. What you see is a continuous chart of Sugar futures. In my opinion, I'm thinking that there is a reversal in trend that is about to take place and here's why. The first thing that you may see is the downward slopping trend channel which began in October of last year which depicted a clear bear market. In late June of this year, prices broke through the bottom of the channel and created what I consider to be an obvious selling climax. Preceding the climactic selloff was a shortening of downward thrust, which showed stopping action in the market's selling. Since then, prices have moved sideways, creating a base. One thing that stands out about this base is the fact that the supports continue to rise, which is an indication that bulls are buying at higher levels each time the price falls. As I type this, prices are at the top of the range. Does this mean that there will be a breakout? I wouldn't go that far. After all, there was a false breakout on July 31st, which was checked at the overhead resistance area of the April '17 low. Another case for a bullish reversal, going back to the selling climax, is that the wave volume shows continuous increases in volume in the buying waves. Such action indicates that demand is overcoming supply. Something to note is how prices are pulling away from the bottom of the channel as it forms what may be an accumulative base. Conclusion: I'm gonna have to see a strong close above not only the top of the accumulative base but also above the April '17 swing low. Such action will be a signal to get long following a pullback to test the breakout area. On another note, I find it interesting that Sugar, or any commodity for that matter, is setting up for a potential move to the upside as the U.S. Dollar is about to make a strong move to the upside as well. A strong dollar is usually bearish for commodities, but hey, we can only listen to what the charts tell us, right?
SLong
by CarterBoyFX
Raw Sugar (SB) Confirms Double Bottom @ Descending Wedge SupportSB has just completed a double bottom with its 2010 low at .13 (on the spot price chart - go to stockcharts.com, pull up a 5yr weekly chart using symbol $sugar). Also key is the strong bounce off of support at an increasingly narrowing descending wedge. The March15 contract has lagged behind the October14 contract in this week's rally so far, but I am expecting March15 to catch up soon with open interest rolling into the March (and March showing heavier volume yesterday). Adding to my bullish tilt is the weekly RSI, MACD and Slow Stochastics all turning up now. Feel free to visit stks.co for today's technical analysis on $SB_F, $KC_F, $ZC_F, $ZW_F, $NG_F, $VIX_F, $NQ_F, $NFLX, $ES_F, $TSLA, $USDJPY, $EURUSD Website: tradablepatterns.com FB: facebook.com Stocktwits: stocktwits.com Twitter: twitter.com Linkedin: www.linkedin.com YouTube: www.youtube.com Google+: google.com Email: [email protected]
SLong
by TradablePatterns