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Sugar price keeps declining – Forecast today - 20-05-2024
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Sugar price keeps declining – Forecast today - 20-05-2024
May 19, 2024 9:40 PM

Sugar Price Analysis Expected Scenario The sugar price returns to decline after the temporary rise witnessed in the previous sessions. It is waiting to surpass the $18.00 barrier to confirm opening the way to head towards the next target at $17.35. Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the EMA50. It is important to hold below $18.90 as a first condition for the continuation of the expected decline. Expected Trading Range Between $17.70 support and $18.40 resistance.

Trend Forecast: Bearish

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