Sugar Weekly Forecast

This/Next Week  Forecast (January 18 – 22, 2021)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 16.30, which will be followed by reaching resistance level 17.15 and 18.00.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 16.30, which will be followed by moving down to support level 15.10 and if it keeps on moving down below that level, we may expect the market to reach support level 14.10.

Chart Sugar This/Next Week Forecast, Technical Analysis

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

Fundamental Analysis

Difference between supply and demand shows fair price on the level 15.

Chart Sugar Ending Stocks, Inventory

Monthly Forecast, January 2021

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 15.10, which will be followed by reaching resistance level 16.50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 15.10, which will be followed by moving down to support level  14.05 and if it keeps on moving down below that level, we may expect the market to reach support level 13.00.

Chart Sugar Forecast 2020, Long-term Technical Analysis and Outlook

previous month forecast

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