Here's a nice example of a balanced market moving from Premium (green) to Discount (red shaded area), with a stop raid annotated. Really Nice example!
Anyway, moving forward.. Anyone watching Sugar?
Ya may want to put it on your radar list.
Fourth quarter 2025 until now she's been range bound
Weekly she's trying to change direction.
As always trade what you see & understand

Will be a buyer with weekly close over 15.2.
October contract.
Thanks, knox!
https://tradingeconomics.com/commodity/sugar
1. 10 years: October 2023 top. Loooong move down with a 10 month bear flag from May 2024 to Mar 2025.
2. 1 year: Symmetrical wedge/triangle with lower highs and higher lows in 2026.
3. 1 month: Potential symmetrical wedge with lower highs and higher lows.
4. 1 week: Strong end to the week, closing near the highs after barely making new lows just after the open on Friday but reversing to sharply higher on the day/close.




https://www.ers.usda.gov/data-products/sugar-and-sweeteners-yearbook-tables
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Brazil and India lead the world in raw sugar production by a wide margin!
This is the refined #11 sugar that trades on the ICE exchange(Intercontinental Exchange)
https://worldpopulationreview.com/country-rankings/sugar-producing-countries

Sugar beets and sugar cane below

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https://globalsugarsupply.com/sugar-refining-countries/
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AI Overview
Last chart I posted was a weekly, looking at today's daily. We have a nice rection off the gap.
After the 1st re-test of the daily gap (Jul. 16th) my eye is immediately drawn to both a labored 2nd re-test and ease of movement from the Jun. lows.
Maybe markup has begun. TWT huh
(Little over an hour before close, I'd like to see a strong close)

Thanks, gedigan!
https://tradingeconomics.com/commodity/sugar
1. 1 year below: Symmetrical triangle with lower highs and higher lows). Tightening coil pattern.
Could break out either way with upside slightly preferred.

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https://www.investopedia.com/terms/c/coiledmarket.asp
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Hey everyone.
This is a beautiful setup and my personal favorite. Established channel with a price imbalance rejection.
Reaction out of the channel.. icing on the cake!
As always, trade what you see and understand.

Thanks very much, gedigan!
Broken out to the upside!!!
https://tradingeconomics.com/commodity/sugar
1. 1 month
2. 1 year


Last update on a setup and trade.
A perfect example of a measured move.. Breakaway gaps.
Markets are fractal (patterns that repeat on different time-frames)!!
Best of trades
