Sugar price confirms the break – Forecast today - 17-04-2024
Economies.com
2024-04-17 03:39AM UTC
Sugar Price Analysis
Expected Scenario
- Sugar price broke the 19.82$ level clearly and closed below it yesterday, reinforcing expectations of continuing the bearish trend.
- Further decline is anticipated on the intraday and short-term basis, with a next main target at 18.50$.
- The continuation of the bearish wave hinges on price stability below 19.82$.
- Breaching 19.82$ may prompt a recovery attempt towards 20.50$ initially, possibly extending to 21.35$.
Expected Trading Range
Between 19.00$ support and 19.75$ resistance.
Trend Forecast: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price still confined between the ...
Commodities
Crude oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows some bullish bias to ...
Commodities
Silver price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Silver Price Analysis Expected Scenario Silver price managed to break 26.90$ and closed ...