SUGAR NO. 11 FUTURES SB1!

ViclreTrade

Bearish clues: - Break of a double top in daily timeframe - Break of the support of the range at 16.75 USD, which corresponds to the 50% Fibonacci retracement of the huge market movement in February, 2021 and the neckline of the daily double top - Pulback on the support which became a resistance at 16.75 USD5 - 100 exponential moving average is breaking down -...

Ck_Trader007

MACD has already given a sell signal at 17. Signal confirmed if price breaks the support below 16.70 to 16.50 Hence the sugar rally is likely to take a breather under corrective wave C.

sudhannayak

Om Namah Shivay Sugar future on long term looks should correct more. The validation lines to be watched for the further move. Om Namah Shivay

Tahar-SALIM

we have a high probability that the SB will head upwards in the next few weeks

deepen

Sugar prices broke past the wave 1 high, starting wave 3 up, minor wave iii of 3 going on. Wave 1 was 49% up in price. Wave 3 =1 would mean another 49% up to 17.20$

sysatrading

Sugar is very low and reached a strong support about 10.