Sugar Price Forecast For This/Next Week
(August 24 – 28, 2020)
An uptrend will start as soon, as the market rises above resistance level 12.9, which will be followed by moving up to resistance level 13.8.
The downtrend may be expected to continue, while market is trading below resistance level 12.9, which will be followed by reaching support level 12.2.
chart: sugar market outlook, technical analysis
previous week sugar price forecast chart
Sugar Forecast 2020, Long-term
(Quarter III: July – September, 2020)
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.
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 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 futures warehouse ending stocks, inventory world with US