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Sugar price tests the support base – Forecast today - 19-06-2024
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Sugar price tests the support base – Forecast today - 19-06-2024
Jun 18, 2024 10:06 PM

Sugar Price Analysis Expected Scenario Sugar price faced negative pressure in the previous sessions to test the key support 18.90$, noticing that the price keeps its stability above it, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to resume the bullish wave that targets visiting 19.82$ mainly. Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 18.90$ will put the price under additional negative pressure that targets 18.10$ followed by 17.35$ areas as main negative stations. Expected Trading Range for Today Between the support 18.70$ and the resistance 19.40$.

Trend Forecast: Bullish

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