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Sugar price approaches the target – Forecast today - 25-06-2024
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Sugar price approaches the target – Forecast today - 25-06-2024
Jun 24, 2024 10:11 PM

Sugar Price Analysis Expected Scenario Sugar price traded with clear positivity yesterday to reach the thresholds of the waited target at 19.82$, and the way seems open to surpass this level and achieve more gains in the upcoming period, as the price gets positive support by the technical indicators, to head towards targeting 20.55$ followed by 21.35$ areas as next positive stations. On the other hand, we should note that failing to breach 19.82$ will push the price to rebound bearishly and start bearish waves that its first target located at 18.90$. Expected Trading Range Between 19.40$ support and 20.10$ resistance.

Trend Forecast: Bullish

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