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Sugar price gets a negative signal – Forecast today - 22-04-2024
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Sugar price gets a negative signal – Forecast today - 22-04-2024
Apr 21, 2024 10:17 PM

Sugar Price Analysis Expected Scenario Sugar price tested the 19.82$ level and experienced a bearish bounce from there. Stochastic indicators currently show negative overlap, indicating the potential for the price to resume the expected bearish trend for the upcoming period, with the next target located at 18.50$. Holding below 19.82$ is crucial for the continuation of the expected decline. However, breaching this level could lead to a bullish wave, with potential gains starting at 20.55$ and reaching 21.35$. Expected Trading Range Between the support at 19.10$ and the resistance at 19.80$

Trend Forecast: Bearish

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