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May 31st, Economies analysts’ latest opinion today: ICE raw sugar tried to break through the resistance level of 25.25 yesterday, but finally closed below it, maintaining bearish expectations. Stochastic provides bearish support with a downside target at 24.30. EMA50 is also putting pressure on the price, waiting for more declines in the next few sessions, but if the price breaks the 25.25-25.45 range, it will stop the bearishness and push the price back to the uptrend.
Today’s trading range is expected to be between 24.60-25.40.
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ICE Raw Sugar Futures Chart
