Commodity Sugar: Technical Analysis as of now: Commodity Sugar is crossing all the hurdles as shown in the monthly chart below:

Commodity-Trading-NP-Financials-Sugar

As we can see in the chart above, Commodity Sugar is getting support recently from the following Demand levels:

  1. 1,082.8 which was the swing low of August 2015.
  2. 1,260.8 which was the swing low of February 2016.
  3. 1,273.1 which was the swing low of June 2017.

Commodity Sugar, recently, has also broken the two important Trend lines as depicted below:

  1. Trend line drawn from swing high of Septemeber 2016 to February 2017 and
  2. Trend line drawn from swing high of January 2018 to June 2018 as shown in the monthly chart above for Commodity Sugar.

The last hurdle for Commodity Sugar to clear is the Trend line drawn from swing high of November 2017 to January 2018 (the pink line).

It is important for Commodity Sugar to stay above our Support line of 1,273.1 for next 6 days till the end of this month of January 2019 for an upside potential.

Now learn how to trade Sugar Market as a commodity with us to explore the possibility of earning passive income keeping your day job. Commodity Sugar can be traded through our Power of Scientific Method of Market Analysis as a derivative.

Our Proprietary Commodity Trading Strategy will guide you through Our Power of Scientific Method of Market Analysis every step of your trading in a commodity like Sugar and explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us. Trade Commodity Sugar Market as a contract for difference through Our Power of Scientific Method of Market Analysis.

To know how to Trade these type of Markets through Our Power of Scientific Method of Market Analysis in future, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

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email: info@npfinancials.com.au

 

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