Sugar Weekly Forecast

 This/Next Week  Forecast (October 12 – 16, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 13.25, which will be followed by reaching resistance level 15.10.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 13.25, which will be followed by moving down to support level 11.90 – 11.50.

Chart Sugar This/Next Week Forecast, Technical Analysis

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

Fundamental Analysis

Difference between supply and demand showing fair price between the levels 15.

Chart Sugar Ending Stocks, Inventory

Long-term Forecast
(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

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