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Sugar price under the negative pressure – Forecast today - 11-06-2024
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Sugar price under the negative pressure – Forecast today - 11-06-2024
Jun 10, 2024 9:59 PM

Sugar Price Analysis Expected Scenario The sugar price ended yesterday with clear negativity, as it broke the 18.90$ level and settled below it, to fall under expected negative pressure in the upcoming sessions, targeting testing the 18.05$ level initially, noting that breaking this level will push the price towards 17.35$ as a next negative target. Therefore, the bearish bias will be suggested for the upcoming sessions unless breaching 18.90$ and holding above it again. Expected Trading Range Between 18.00$ support and 18.85$ resistance.

Trend Forecast: Bearish

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