Sugar price fails to settle positively – Forecast today - 09-05-2024
Economies.com
2024-05-09 03:42AM UTC
Sugar Price Analysis
Forecasts and Analysis
- Sugar price couldn’t manage to hold for a long time above the 19.82$ level, breaking it and settling below it again, falling under expected negative pressure in the upcoming sessions.
- The bearish trend targets visiting 19.00$ followed by 18.00$ levels as next negative stations.
- Stochastic shows negative signals that support the expectations for decline, which will remain valid unless breaching 19.82$ and holding above it.
Expected Trading Range
The expected trading range for today is between 19.10$ support and 19.80$ resistance.
Trend Forecast: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...