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Sugar price fails to settle positively – Forecast today - 09-05-2024
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Sugar price fails to settle positively – Forecast today - 09-05-2024
May 8, 2024 9:30 PM

Sugar Price Analysis Forecasts and Analysis Sugar price couldnt manage to hold for a long time above the 19.82$ level, breaking it and settling below it again, falling under expected negative pressure in the upcoming sessions. The bearish trend targets visiting 19.00$ followed by 18.00$ levels as next negative stations. Stochastic shows negative signals that support the expectations for decline, which will remain valid unless breaching 19.82$ and holding above it. Expected Trading Range The expected trading range for today is between 19.10$ support and 19.80$ resistance.

Trend Forecast: Bearish

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