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Sugar price breaches the resistance – Forecast today - 08-05-2024
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Sugar price breaches the resistance – Forecast today - 08-05-2024
May 7, 2024 9:30 PM

Sugar Price Analysis Outlook and Forecast for Current Trading Sessions Expected Scenario Price ended positively, breaching 19.82$ level and closing above it Bullish wave expected towards gains starting at 20.50$ and extending to 21.35$ Sugar price ended yesterday positively, as it breached the 19.82$ level and closed the daily candlestick above it, starting to build a bullish wave on the intraday basis and heading towards achieving gains that start at 20.50$ and extend to 21.35$.

The bullish bias will be suggested for today, noting that breaking 19.82$ and holding below it will stop the expected rise and push the price to decline again.

Expected Trading Range Support: 19.70$ Resistance: 20.30$ Trend Forecast: Bullish

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