Sugar price attempts negatively – Forecast today - 01-05-2024

Sugar Price Analysis

Expected Scenario

• Sugar price traded negatively in the previous sessions to attempt to move away from 19.82$, reinforcing the expectations of continuing the bearish trend, reminding you that our waited targets begin at 19.00$ followed by 18.50$.
• Stochastic provides negative signals that we are waiting to motivate the price to continue the decline, which will remain valid unless breaching 19.82$ and holding above it.

Expected Trading Range

Between 19.00$ support and 19.70$ resistance