Sugar Weekly Forecast

This/Next Week Forecast (April 12 – 16, 2021)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 14.90, which will be followed by reaching resistance level 15.84 and 16.50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 14.90, which will be followed by moving down to support level 14.08.

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, April 2021

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 15, which will be followed by moving up to resistance level 16.70.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 15, which will be followed by reaching support level 14 and 13.

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

previous month forecast

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