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Sugar price hits the target – Forecast today - 16-04-2024
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Sugar price hits the target – Forecast today - 16-04-2024
Apr 15, 2024 10:06 PM

Sugar Price Analysis Expected Scenario Sugar price succeeded to achieve our waited target at 19.82$ and settles there, and we suggest the continuation of the bearish bias to surpass this level and achieve additional negative targets that reach 19.20$. On the other hand, we should note that the consolidation of 19.82$ level against the current negative pressure and failing to break it will lead the price to start intraday bullish wave and achieve gains that start at 20.50$ and extend to 21.35$. Expected Outcome The expected trading range for today is between 19.40$ support and 20.10$ resistance.

Trend Forecast: Bearish

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