Sugar#11
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The sugar futures market analysis provides a technical, hourly, and 5-minute outlook. Technically, the market remains in a bearish trend within an established price channel. The daily esoteric outlook cites astrological influences that have historically brought both bearish and bullish prices. For the upcoming week, the hourly esoteric outlook finds mixed signals from multiple lunar cycles. While technically bearish, the conclusion is that lunar cycles and astrological aspects signal an upside correction before further bearish movement could resume within one week.
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Sugar#11
- 1. SUGAR #11 FUTURES Market Analysis 06.07.2013 Erhan EKER
- 2. | https://twitter.com/EEKER79 2 SUGAR #11 Futures Daily Outlook Technical Outlook Sugar Market is in a bear trend in last two years. In last one year we are moving inside a well established channel. We recently hit up side of the channel which looks like a wave 4 development of EWT. It looks that divergence is forming at this level.
- 3. | https://twitter.com/EEKER79 3 Esoteric Outlook Bearish effect of Saturn - Neptune Trine brought bearish trend while Solar trines with Saturn and Neptune bring higher prices. Recently Sun opposition with Pluto and Square with Uranus pulled down the price. New week will start with a grand trine of Jupiter - Saturn and Neptune where historically all three aspects in this action brought bearish prices. For this market Moon Declination is very important. 20 degrees of declination reading tend to bring bearish movement where southern extreme positions bring high prices. Because we just visited 20 degrees and moving up we can expect higher prices. There is a confusion of cycles. This can bring side lined movement. We should look lower time frames to solve the situation. Hourly Outlook Technical Outlook There is no sign of divergence on CCI, so we can expect continuation of the trend. After July 4 holiday market opened with a break and continue go down.
- 4. | https://twitter.com/EEKER79 4 Esoteric Outlook In Sugar market three different Moon Cycle has effect, so I decided to use composite of them. One is what I wrote on Daily Analysis "Lunar Declination Cycle". Others are Moon Geocentric Position and Lunar Phase. Especially Full Moon has bullish effect. Composite of these cycles are not clear for the next week. But for sure it is not bearish, little bullish. 5 M Outlook Technical Outlook We saw divergence after Friday break. Nothing else to mention. Esoteric Outlook I want to give expected effects of the aspects which will happen when market will be open during upcoming week.
- 5. | https://twitter.com/EEKER79 5 Aspect Expected Effect New Moon Bullish Moon Conjunct Mercury Not Clear Sun Conjunct Mercury Bullish Moon Square Saturn Bullish Moon Trine Uranus Bullish Moon Conjunct Venus Bearish Moon Sextile Mars Bearish Moon Sextile Jupiter Bullish/Not Clear Moon Opposition Neptune None Moon Sextile Saturn Bearish/Not Clear Moon Trine Pluto Bearish CONCLUSION Technically bearish movement continues w/o any sign of clear reversal. However both Lunar Cycles and upcoming aspects signals an upside movement, may be a side line correction before further bearish continuation. We may need to wait one more week for this. Erhan EKER July 06, 2013 https://twitter.com/EEKER79 Ps: I did not have time to read and control what I wrote above.. Sorry for typos, bad grammar and bad English :)