Sugar Weekly Forecast, August 17 – 21

Sugar Price Forecast For This/Next Week
(August 17 – 21, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 12.9, which will be followed by reaching resistance level 13.8.

Downtrend scenario
An downtrend will start as soon, as the market drops below support level 12.9, which will be followed by moving down to support level 12.2 and if it keeps on moving down below that level, we may expect the market to reach support level 11.4 – 11.2.

Chart Sugar This/Next Week Forecast, Technical Analysis
chart: sugar market outlook, technical analysis

previous week sugar price forecast chart
Chart Sugar This/Next Week Forecast, Technical Analysis

Sugar Forecast 2020, Long-term
(Quarter III: July – September, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 12.2, which will be followed by reaching resistance level 13.8 and 15.1.

Downtrend scenario
An downtrend will start as soon, as the market drops below support level 11.48, which will be followed by moving down to support level 10.2 – 9.7.

Chart Sugar Forecast 2020, Long-term Technical Analysis and Outlook
chart: sugar technical analysis, market outlook

Sugar Price Prediction

According to Fundamental Analysis difference between supply and demand shows oversold market and the fair price at the level $14.

Chart Sugar Ending Stocks, Inventory
chart: sugar futures warehouse ending stocks, inventory world with US

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