financetom
Technology
financetom
/
Technology
/
Sugar price approaches the target – Forecast today - 25-06-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Wheat price rallies upwards – Forecast today - 21-05-2024
Wheat price rallies upwards – Forecast today - 21-05-2024
May 20, 2024
Wheat Price Analysis Expected Scenario Wheat price traded with strong positivity yesterday to approach our waited target at 700.00$, noting that the price is affected by stochastic negativity to show some bearish bias and hint heading to decline in the upcoming sessions. We suggest heading to test the bullish channels support line around 667.40$, making the bearish bias expected for...
Corn price attempts to breach – Forecast today - 21-05-2024
Corn price attempts to breach – Forecast today - 21-05-2024
May 20, 2024
Corn Price Analysis Expected Scenario Corn price attacked 461.90$ level yesterday and attempted to hold above it, but it begins today negatively to resume the expected bearish track on the intraday basis, as it settles below the mentioned level to support the continuation of the bearish trend that its next target located at 449.20$. Stochastic overlaps negatively to motivate the...
Sugar price is affected by the positive momentum – Forecast today - 21-05-2024
Sugar price is affected by the positive momentum – Forecast today - 21-05-2024
May 20, 2024
Sugar Price Analysis Expected Scenario Sugar price ended yesterday with clear positivity, to test 18.65$ level, affected by stochastic positivity that loses its positive momentum clearly, waiting to resume the expected bearish wave on the intraday basis, which its next target located at 17.35$. The EMA50 keeps supporting the suggested bearish wave, noting that breaching 18.90$ will lead the price...
Soybean price attempts positively – Forecast today - 21-05-2024
Soybean price attempts positively – Forecast today - 21-05-2024
May 20, 2024
Soybean Price Analysis Expected Scenario Soybean price provided positive trades yesterday to breach 1231.20$ level, but it returns to decline by todays open and moves below the mentioned level, to keep the bearish trend scenario active for the upcoming period, supported by stochastic negativity that appears clearly now, waiting to visit 1193.10$ as a next main target. Breaking 1222.00$ will...
Copyright 2023-2026 - www.financetom.com All Rights Reserved