{"id":118477,"date":"2017-12-21T09:45:08","date_gmt":"2017-12-21T14:45:08","guid":{"rendered":"http:\/\/countingpips.com\/?p=118477"},"modified":"2018-06-01T15:48:20","modified_gmt":"2018-06-01T15:48:20","slug":"sugar-technical-analysis-brazil-sugar-cane-output-downgrade-bullish-for-sugar-prices","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/12\/sugar-technical-analysis-brazil-sugar-cane-output-downgrade-bullish-for-sugar-prices\/","title":{"rendered":"SUGAR: Technical Analysis &#8211; Brazil sugar cane output downgrade bullish for sugar prices"},"content":{"rendered":"<div id=\"inves-877474583\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 21, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Brazil sugar cane output downgrade bullish for sugar prices<\/strong><\/p>\n<p>Brazil sugar cane output estimate downgrade is bullish for sugar prices. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/sugar\"> sugar price<\/a> continue rising?<\/p>\n<p>Conab, the official Brazilian crop bureau, downgraded Brazil\u2019s domestic sugar cane output estimate in 2017-18 to 635.6m tons. Brazil is the top sugar producing country in the world, and lower sugar cane crop is bearish for sugar prices.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/Sugar_21Dec2017.png\" alt=\"Sugar price\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe <b> SUGAR: D1 <\/b> has been retracing following the decline after hitting 6 month high in early June. It is testing the 50-day moving average MA(50).<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator <\/b> gives a buy signal.<\/li>\n<li>The <b> Donchian channel <\/b> indicates downtrend: it is tilted down.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator<\/a> is bullish: it is below the signal line and the gap is narrowing.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stoch\">stochastic oscillator<\/a> is rising but hasn\u2019t reached the overbought zone yet.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price breaches above MA(50) at 14.54. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 13.54. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop loss level (13.54) without reaching the order (14.54), we recommend cancelling the position: the market sustains internal changes which were not taken into account.<\/p><div id=\"inves-342003423\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 14.54<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 13.54<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Brazil sugar cane output downgrade bullish for sugar prices Brazil sugar cane output estimate downgrade is bullish for sugar prices. Will the sugar price continue rising? Conab, the official Brazilian crop bureau, downgraded Brazil\u2019s domestic sugar cane output estimate in 2017-18 to 635.6m tons. Brazil is the top sugar producing country in the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-118477","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=118477"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118477\/revisions"}],"predecessor-version":[{"id":118501,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118477\/revisions\/118501"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=118477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=118477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=118477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}