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Market Oracle FREE Newsletter

Elliott Wave Trading

Sugar Commodity Sweet Holiday Trade Is In Play & In The Money!

Commodities / Agricultural Commodities Jan 27, 2016 - 02:41 PM GMT

By: Chris_Vermeulen

Commodities

As traders we are always on the hunt for new trade ideas poised and ready for big moves. And back on Dec 17th 2015 I shared a sweet trade idea publicly on my blog and other financial websites.

If you want so see much more detailed charts and analysis from Dec 17th visit my blog page as it paints a clear picture: http://www.thegoldandoilguy.com/a-sweet-trade-setup-for-the-holiday-season-tis-the-season/


Now, as of Jan 2016 I would like to update on this trade because I feel one of the biggest moves for this trade is going to take place within a few days.

Daily Chart of Sugar

As you can see in the chart below sugar price formation has turned bearish. With price testing support once again we could very well see another bounce before a breakdown. Also, with Valentines just around the corner there could be some speculative buying in sugar in anticipation of an increase in demand.

We have seen some strong rallies the second half of February the last few years but not enough to call it any type of tradable trend if you ask me. And with REAL sugar not being used in anything anymore after being replaced with the fake chemical sweeteners it kind of voids the need for sugar during Valentines Day making it a wash.

There are a few ways to play this. You can do what I do and trade the sugar contract using CFD’s. I do this with AVAFX as I like being able to trade smaller position sizes than that of a full futures contract. Or you can trade the SGG sugar ETF, you will need to have a margin account and be approved for short selling as we want to profit from the falling prices.

sweet-stuff

Trading Conclusion:

In short, sugar looks poised and ready for a breakdown in price to test the $12.50 level over the next month. This is just one of many trades myself and fellow subscribers to my newsletter have taken recently.

Recently we have closed 10 trades and 8 of those were winners and we still have another winning trade open as of this article.

Join Us Today & Make 2016 Winning A Year For Your Trading Account: www.TheGoldAndOilGuy.com

Chris Vermeulen

Join my email list FREE and get my next article which I will show you about a major opportunity in bonds and a rate spike – www.GoldAndOilGuy.com

Chris Vermeulen is Founder of the popular trading site TheGoldAndOilGuy.com.  There he shares his highly successful, low-risk trading method.  For 7 years Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets.  Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return.

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

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