Gula Analisis teknis | Gula Jual beli: 2020-08-28 | IFCM Indonesia
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Gula Analisis teknis - Gula Jual beli: 2020-08-28

Sugar Technical Analysis Summary

Neutral
SellBuy
Kuat JualKuat Beli

Bawah 12.9

Sell Stop

Atas 13.5

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analyst
Artikel2785
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Neutral
Parabolic SAR Sell

Sugar Chart Analysis

Sugar Chart Analysis

Sugar Analisis Teknis

On the daily timeframe #C-SUGAR: D1 is retracing down toward the 200-day moving average MA(200) which is rising yet. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 12.9. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the last fractal high at 13.5. 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 expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (13.5) without reaching the order (12.9), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis Komoditas - Sugar

Brazil’s sugar production is rising as its currency weakened. Will the sugar price continue falling?

Mills in Brazil switch cane toward sugar or ethanol production depending on market prices. Brazil’s sugar inventory is building following the real’s slump against the dollar and weaker demand for cane-based ethanol during the coronavirus pandemic, according to Bloomberg. Mills shifted to sugar as a plunge by Brazil’s currency to a record low boosted sugar prices in reals for the industry. Brazil’s exports in the four months ended July surged 58% from a year earlier. Brazil is the top global sugar producer and exporter – it accounted for 27.1% of total sugar exports worth, with earnings amounting $5.2 billion in 2019. A rise in sugar supply is bearish for sugar prices.

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