Sugar price keeps declining – Forecast today - 18-04-2024
Economies.com
2024-04-18 04:07AM UTC
Price Analysis: Sugar
Expected Scenario
- The sugar price shows more bearish bias, approaching the 19.00$ barrier, supporting the continuation of the bearish wave. There are additional negative targets starting at 18.50$ and extending to 17.35$.
- We expect to witness further decline in the upcoming sessions unless there is a breach of 19.82$ and a daily close above it.
Expected Outcome
The expected trading range for today is between 18.80$ support and 19.40$ resistance.
Trend Forecast: Bearish
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