Sugar price keeps its negative stability – Forecast today - 23-04-2024
Economies.com
2024-04-23 03:56AM UTC
Sugar Price Analysis
Expected Scenario
- Sugar price continues to fluctuate around 19.82$ level and keeps its stability below it, maintaining the validity of the bearish trend scenario for the upcoming period, supported by the negative pressure formed by the EMA50. The next main target is expected at 18.50$.
- Breaching 19.82$ will halt the expected decline and initiate recovery attempts targeting 20.55$ followed by 21.35$ areas.
Expected Trading Range
Between the support at 19.10$ and the resistance at 19.80$
Trend Forecast: Bearish
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