{"id":17351,"date":"2021-12-08T13:35:33","date_gmt":"2021-12-08T21:35:33","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17351"},"modified":"2021-12-08T13:35:33","modified_gmt":"2021-12-08T21:35:33","slug":"take-a-look-at-sugar-futures-support-and-levels-12-09-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/take-a-look-at-sugar-futures-support-and-levels-12-09-2021\/","title":{"rendered":"Take a look at Sugar & Futures Support and Levels 12.09.2021"},"content":{"rendered":"
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Take a look at Sugar<\/h1>\n
by Mark O’Brien, Senior Broker<\/div>\n
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As with the first report on the Friday after the U.S. Thanksgiving holiday, the Omicron variant has settled into a dominant market force.\u00a0News in the next few weeks could result in near-term trends in a long list of commodities \u2013 in the form of significant euphoria events or aggressive risk-off plunges similar to ones already seen since Nov. 24th.\u00a0With that said, global markets \u2013 and traders \u2013 can also keep an eye on other big-picture fundamentals that can be more important drivers of price.\u00a0Take for example sugar.<\/a>\u00a0Since the U.S. Thanksgiving\u00a0holiday, sugar prices have moved sharply to the downside, and reached a four-month low on December 2. sugar<\/a> should still have a bullish supply outlook this season even if energy prices stay well below their recent highs. Brazil’s Center-South sugar production is expected to decline more than 6 million tonnes from last season, a deficit that cannot be offset by other\u00a0producing nations. With the market well below its November highs, sugar could see a significant\u00a0recovery in the face of any Omicron news.<\/div>\n
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Important: Trading commodity futures and options involves a substantial risk of loss.<\/div>\n
The recommendations contained in this letter are of opinion only and do not guarantee any profits.<\/div>\n
There is not an actual account trading these recommendations.<\/div>\n
Past performances are not necessarily indicative of future results.<\/div>\n<\/div>\n<\/div>\n
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Good Trading<\/strong><\/h3>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n

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Futures Trading Levels<\/strong><\/h3>\n

12-09-2021<\/p>\n

\"Support<\/div>\n

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\n<\/a>Economic Reports, Source:\u00a0<\/strong><\/h3>\n

https:\/\/bettertrader.co\/\u00a0<\/a><\/p>\n

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\"Better<\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

Take a look at Sugar by Mark O’Brien, Senior Broker As with the first report on the Friday after the U.S. Thanksgiving holiday, the Omicron variant has settled into a dominant market force.\u00a0News in the next few weeks could result in near-term trends in a long list of commodities \u2013 in the form of significant […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[1458,1386,990],"class_list":["post-17351","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-ags","tag-softs-futures","tag-sugar-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=17351"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17351\/revisions"}],"predecessor-version":[{"id":17352,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17351\/revisions\/17352"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}