Sugar

Brent, silver capped by technical resistance as sugar price rush subsides due to loss of upside momentum.

2024-09-24T23:27:23+0100

The Brent crude oil price continues to recover from its multi-year low but may soon encounter resistance, while silver and sugar prices rally.

2024-09-19T23:28:34+0100

We would like to enter a long position on US #11 sugar with a stop loss below the May and August lows at 17.70 and an upside target at 21.00.

2024-09-17T05:27:48+0100

The past week has seen some big moves in the commodities space, notably with sugar prices rallying 11.6% to reach a three-week high.

2024-08-29T00:00:43+0100

As NY #11 sugar has come off its long-term downtrend line, we would like to go short with a stop loss at 22.65, and a downside target in the 17.00 region.

2024-07-04T05:51:27+0100

As NY #11 sugar is approaching its December low and May high resistance zone while remaining within its long-term downtrend, we would like to go short with a stop loss at 20.10, and a downside target in the 18.00 region.

2024-06-27T06:12:35+0100

If a bullish ‘Hammer’ formation were to be formed on Monday and this were to be followed by a daily chart close above Monday’s high on Tuesday, we would like to go long NY no. 11 sugar front month futures.

2023-12-04T12:42:00+0000