Sugar No 11
Sugar No 11 market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
When you trade your FOREX.com account on TradingView.com, you benefit from sharing ideas with their community of over 50 million traders, investors, and analysts in addition to their industry-leading charts and tools.
Whether you are new to trading or a seasoned investor, TradingView delivers on our joint mission to help anyone succeed in financial markets.
When it comes to trading, it’s just as important to assess your own behaviours as well as the market’s. More than a modern-day trading journal, simply log into our trading platform and select the Performance Analytics tab for in-depth insights on your strengths and weaknesses.
Economic calendar
Sugar No 11 details
Sugar No 11 is the name of futures contract that is considered the benchmark for all futures and options contracts of sugar traded on the Chicago Mercantile Exchange (CME).
Sugar production takes place mostly in tropical and subtropical climates in countries like Brazil, India, China, Thailand and Australia. While changes in climate are the most significant variables to sugar production, other factors also influence the commodity’s price. Government regulation of sugar content in foods or product labelling in large markets can change the demand for sugar. Sugar’s increasing use in biofuel production also influences its price.
A single contract of sugar represents 112,000 pounds of unrefined can sugar.
| Margin from | 20.0 % |
| Min trade size | 1 |
| Long | 0 |
| Short | 0 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.1 Points |
Spreads
| Spreads from | 2.0 Points |
Margins
| 0 + | 20.0 % |
Dealing
| Spreads from | 2.0 Points |
Margins
| 0 + | 20.0 % |
Commodities explained
What are commodities?
Everything you need to know about popular commodities like gold, oil, coffee and more - including how to trade them.
Why trade commodities?
Gold has historically been a safe haven asset in times of market uncertainty. Learn the benefits of gold and other commodities with our in-depth guide.
How to trade commodity CFDs
Want to know how to trade a commodity like oil using CFDs? This section breaks down every aspect of your first trade.