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US SUGAR TO EXPLODE UPWARDS VERY SOON


After sharp downfall in US Sugar from its all time high 35.94$ to its recent low levels of 10.13$, team NTD sees early bullish reversal indication in US Sugar. Last week it has ended positive at 11.66$,On daily & weekly basis charts are suggesting bottom out formation at current levels.

On long term weekly charts prices are trading in descending channel pattern from the level of 17$ to downside 10$, as per the current charts structure prices are showing resistance at upper ended  of channel pattern at 12$ level.

US Sugar has given first month on month positive reversal from the recent low levels. We at team NTD are bullish on US Sugar with limited downside. Going ahead we see 10.64$ level will act as strong support level for upsurge.

In coming period we see upside 14.50 is strong resistance point for fresh up trend in US Sugar, any weekly positive close above 14.50$ level will strong indication for huge upsurge in US Sugar up to 20$  to 25$.


{26 Sept,2015}


US SUGAR (DAILY CHART)



US SUGAR (WEEKLY CHART)

MA STATISTIC

1

DAILY

LEVELS

 

50

11.03

 

100

11.61

 

200

12.75

 

300

13.75

2

WEEKLY

 

 

50

13.31

 

100

15.05

 

200

17.78

 

300

0

3

MONTHLY

 

 

50

18.08

-

-

-










RSI STATISTIC

1

DAILY

LEVELS 

 

9

64.47

 

14

59.97

2

WEEKLY

 

 

9

51.56

 

14

46.82

3

MONTHLY

 

 

9

35.71

 

14

36.32

 -

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

WEEKLY DATA STATISTIC

No

Date

Price

 Change %

1

Sep 20, 2015

11.66

                                     5.90

2

Sep 13, 2015

11.01

                                    -5.82

3

Sep 06, 2015

11.69

                                     4.10

4

Aug 30, 2015

11.23

                                     2.65

5

Aug 23, 2015

10.94

                                     4.89

6

Aug 16, 2015

10.43

                                    -2.43

7

Aug 09, 2015

10.69

                                     0.38

8

Aug 02, 2015

10.65

                                    -4.57

9

Jul 26, 2015

11.16

                                    -0.71

10

Jul 19, 2015

11.24

                                    -5.86









MONTHLY DATA STATISTIC

No

Date

Price

 Change %

1

Sep 01, 2015

11.66

                                     9.48

2

Aug 01, 2015

10.65

                                    -4.57

3

Jul 01, 2015

11.16

                                 -10.58

4

Jun 01, 2015

12.48

                                     3.91

5

May 01, 2015

12.01

                                    -8.67

6

Apr 01, 2015

13.15

                                     9.49

7

Mar 01, 2015

12.01

                                 -13.10

8

Feb 01, 2015

13.82

                                    -6.62

9

Jan 01, 2015

14.8

        &nbs