CFDs on Sugar
לונג
מעודכן

wait for the MACD cross - and then going long

79
Hi all,

Waiting for the MACD cross before I enter the long trade.
הערה
seeing the wider perspective:
תמונת-בזק
הערה
The 30 min chart MACD have crossed - be ready to go long - expect trade to be active soon.
תמונת-בזק
עסקה פעילה
הערה
Most of the brokers are expecting sugar to drop down.
I see it a bit different - I still expect it to climb higher - before going down.
תמונת-בזק
הערה
Waiting for the breakout anytime soon
תמונת-בזק
הערה
I will issue a little warning - as the USD/BRL are having quite impact on sugar.
Last day - we had a drastic increase in USD/BRL - which could influence sugar and give it sligth knock down today.
I am still expecting it to break through the tunnel and make a climb upwards - but it might go down before it will happen.
תמונת-בזק
הערה
Some would argue, that the increase in USD/BRL would help the Brazil producers and have a positive impact on sugar price - but fact is, that looking at longer peroiod, the sugar decrease with almost exact same degree as USD/BRL increase
תמונת-בזק
הערה
So - watch out the coming days and follow the USD/BRL as well.
הערה
Happy New Year Traders.
Finally - we got the breakout. A lot later than I expected - but now it is there.

Expect some corrections the next couple of days - before we will see it go even more bullish.

Chart to follow:
הערה
תמונת-בזק

כתב ויתור

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.