Zucchero Analisi Tecnica | Zucchero Trading: 2020-11-19 | IFCM Italy
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Zucchero Analisi Tecnica - Zucchero Trading: 2020-11-19

Zucchero Technical Analysis Summary

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Forte Di VendereSellNeutroBuyForte Acquistare

Sopra 15.27

Buy Stop

Sotto 14.05

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articoli 2473
IndicatorSignal
RSI Neutro
MACD Buy
Donchian Channel Neutro
MA(200) Buy
Fractals Neutro
Parabolic SAR Buy

Zucchero Chart Analysis

Zucchero Chart Analysis

Zucchero Analisi Tecnica

On the daily timeframe #C-SUGAR: Daily is retracing up above the 200-day moving average MA(200) after consolidating in a triangle. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 15.27. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the last fractal high at 14.05. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (14.05) without reaching the order (15.27), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Analisi Fondamentale Materie Prime - Zucchero

US sugar production was downgraded. Will the sugar price resume advancing?

United States Department of Agriculture downgraded US sugar production and ending stocks couple days ago. Sugar production is lowered in 2020/21, driven primarily by reduced sugar beet yields, particularly in Minnesota, North Dakota, and Michigan. Total supply for 2020/21 is cut substantially as imports and beginning stocks are also reduced. October 2020 imports from the extended 2019/20 raw sugar tariff-rate quota (TRQ) were smaller than expected, leading total projected 2020/21 imports to be smaller than previously forecast. With total use unchanged in 2020/21, ending stocks are tightened substantially. Lower estimates of sugar supply is bullish for sugar prices.

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Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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