Advice for Sugar : Promote
Promote Cease : Under 12.9
Cease Loss : Above 13.5
| Indicator | Worth | Sign |
| RSI | Impartial | |
| MACD | Promote | |
| Donchian Channel | Promote | |
| MA(200) | Purchase | |
| Fractals | Impartial | |
| Parabolic SAR | Promote |
Chart Evaluation
On the each day timeframe #C-SUGAR: D1 is retracing down towards the 200-day shifting common MA(200) which is rising but. We consider the bearish momentum will proceed after the worth breaches under the decrease boundary of Donchian channel at 12.9. This stage can be utilized as an entry level for putting a pending order to promote. The cease loss could be positioned above the final fractal excessive at 13.5. After putting the order, the cease loss is to be moved daily to the following fractal excessive, following Parabolic indicators. Thus, we’re altering the anticipated revenue/loss ratio to the breakeven level. If the worth meets the cease loss stage (13.5) with out reaching the order (12.9), we advocate cancelling the order: the market has undergone inner modifications which weren’t taken under consideration.
Basic Evaluation
Brazil’s sugar manufacturing is rising as its forex weakened. Will the sugar worth proceed falling?
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