SUGAR NO. 11 SETS MEDIUM-TERM BOTTOM – EXPECTING NEW GROWTH WAVEKEY TAKEAWAYS:
Price structure confirms a bullish divergence at the 13.50 bottom, completing the Falling Wedge pattern.
Strong recovery momentum has pushed prices out of the accumulation zone below 15.00.
Wave projection forecasts a long-term bullish cycle targeting old resistance at 20.00 and po
Sugar No. 11 Futures
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Sugar #11 seems to have fallen into a descending wedge patternAfter falling through support at around 15.3 cents (assumed C/S Brazil ethanol parity?), spot #11 seems have fallen into a descending wedge pattern, whiplashed by developments in the Straits of Hormuz but so far the descending wedge pattern remains unbroken.
Sugar Rush to $0.1872 - Not good for consumers
The Iran conflict has pushed oil toward multi-year highs, which directly impacts sugar because Brazil (largest producer) diverts cane into ethanol instead of sugar when oil rises.
And this is going to cause a huge sugar run, potentially to $0.1872.
Remember this, less sugar production means supp
Sugar SB Futures: Extreme COT Divergence – Short Squeeze Ahead?
ICEUS:SB1!
🔎 Market Situation
The latest COT report shows one of the most extreme positioning imbalances in 18 years for Sugar #11:
• Commercials: Net Long 128,130 contracts → 2nd highest since 2007 (only surpassed in Sep/Oct 2020 with ~160k).
• Non-Commercials (Funds): Net Short –125,628 c
Bears Crush Sugar Hope at 15.85 - Bulls Await Revenge🎯 SB1!: Bears Crush Sugar Hope at 15.85 - Bulls Await Revenge
💡 To see my confluences and/or linework, step 1: grab chart 📊, step 2: unhide Group 1 in object tree 🗂️, step 3: hide and unhide specific confluences ✨. Also double-click the screen which would show the RSI, MFI, CVD and OBV indicators
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current price of Sugar No. 11 Futures is 15.44 USX / LBR — it has fallen −0.76% in the past 24 hours. Watch Sugar No. 11 Futures price in more detail on the chart.
The volume of Sugar No. 11 Futures is 26.34 K. Track more important stats on the Sugar No. 11 Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Sugar No. 11 Futures this number is 333.95 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Sugar No. 11 Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Sugar No. 11 Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Sugar No. 11 Futures technicals for a more comprehensive analysis.









