Sugar price keeps declining – Forecast today - 18-04-2024

Price Analysis: Sugar

Expected Scenario

• The sugar price shows more bearish bias, approaching the 19.00$ barrier, supporting the continuation of the bearish wave. There are additional negative targets starting at 18.50$ and extending to 17.35$.
• We expect to witness further decline in the upcoming sessions unless there is a breach of 19.82$ and a daily close above it.

Expected Outcome

The expected trading range for today is between 18.80$ support and 19.40$ resistance.