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Sugar price keeps its negative stability – Forecast today - 11-04-2024
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Sugar price keeps its negative stability – Forecast today - 11-04-2024
Apr 10, 2024 10:01 PM

Sugar Price Analysis Expected Scenario Sugar price attempted to breach the 21.35$ level but maintained daily close stability below it. Keeping the bearish trend scenario valid and active for the upcoming period, waiting to visit 21.00$ followed by 20.50$ levels as next main targets. Expected Outcome Holding below 21.35$ is a key condition for the continuation of the expected decline.

Breaching it represents a positive factor that will lead the price to start recovery attempts and head to achieve gains.

Expected Trading Range Between 20.70$ support and 21.35$ resistance.

Trend Forecast: Bearish

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