Sugar Future 240min update 4-9-22Sugar Future has seen recent likes of 20.51 and 17.2. If the structure is correct, then it should see further lower price before hitting further high.
Contract highlights
Sugar future extremes MonthlySugar Future has seen 2.63 to 66 extremes. Recently it appears it is moving a new structure after completing abc down. Nearly 50 years of Sugar travel to 2022 has been a balancing movement with current value of 18ish.
BEARISH ON US SUGARBearish 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 a
Sugar: Bearish Bias.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.
Sugar Future long term analysisOm Namah Shivay
Sugar future on long term looks should correct more. The validation lines to be watched for the further move.
Om Namah Shivay
Sugar ContinuousSugar 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$
#SB_F $SB_F #Sugar - Bull spreadSugar is very low and reached a strong support about 10. Therefore there is a potential for bullish mood in the market. Bull spread SBH19-SBK19 offers an interesting opportunity, when a price will make a correction to -0,20 and then up again to 0,00.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Sugar No. 11 Futures is 19.43 USX / LBR — it has risen 0.52% in the past 24 hours. Watch Sugar No. 11 Futures price in more detail on the chart.
The volume of Sugar No. 11 Futures is 1.62 K. Track more important stats on the Sugar No. 11 Futures chart.
The nearest expiration date for Sugar No. 11 Futures is Feb 27, 2026.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Sugar No. 11 Futures before Feb 27, 2026.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Sugar No. 11 Futures this number is 45.90 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Sugar No. 11 Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Sugar No. 11 Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Sugar No. 11 Futures technicals for a more comprehensive analysis.