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The World’s Sugar Cravings: Market Analysis and Trading Strategies

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Good morning Traders!


Sugar has enjoyed a strong bullish momentum on the Daily, Weekly and the Monthly
timeframes. After the dip below the 10 mark during the start of the pandemic, the market
has been steadily trending higher.

SB M
SB W
SB D


After a lengthly consolidation underneath the area of the 20 mark, the market has finally
broken above this area, and also closed above it, bringing the Weekly and the Daily charts
back into a confirmed uptrend.


I’ll be on the lookout for a pullback to release some of this strong buying pressure. An
area of interest is the Daily S/R level of around the 21.20 which is also the Weekly swing
Higher High. Drawing the Fibonacci retracement of the latest move, has the 61.8%
retracement clustering nicely with this level. If and when the market will pullback into this
area, I’ll be looking for signs that the pullback is over, and the buyers are ready to take
control of this market once more.


Happy Trading!

Tamar Mehr

Tamar Mehr is a professional trader, neuropsychological trading mentor, FXGlobe Ambassador, and decision-making expert. She’s based in Brisbane, Australia.

Trading Advice Disclaimer:
Our Ambassador’s Daily Picks are not trading advice. These are informational articles covering the events which happened in the market already & scheduled events which are scheduled to happen in the Economic & Earnings Calendar.

General Risk Warning:
Trading leveraged products such as Forex and CFDs carries a high level of risk thus may not be appropriate and/or suitable for all investors. The investment value can both increase and/or decrease and the investors may lose all their invested capital. The content of this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Under no circumstances shall the Company or affiliated Companies have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to leveraged products.

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