Advertisements

Sugar Prices Poised for Further Increase – Market Forecast (01-07-2024)

by Daisy

Sugar prices are poised for continued upward movement, bolstered by recent positive trades that reinforce expectations of a sustained bullish trend in both intraday and short-term trading. Analysts anticipate targets of $20.55 and $21.35 as imminent milestones in this upward trajectory.

Key technical indicators, notably the EMA50, continue to support the bullish outlook, with validity contingent on prices maintaining stability above $19.82, and critically, above $19.40.

Advertisements

The anticipated trading range is expected to fluctuate between support at $20.00 and resistance at $20.80, reflecting ongoing market dynamics and investor sentiment.

Advertisements

This forecast underscores growing confidence in sugar’s market strength, suggesting potential opportunities for investors amid favorable trading conditions.

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News