Sugar price keeps its negative stability – Forecast today - 11-04-2024

Sugar Price Analysis

Expected Scenario

• Sugar price attempted to breach the 21.35$ level but maintained daily close stability below it.
• Keeping the bearish trend scenario valid and active for the upcoming period, waiting to visit 21.00$ followed by 20.50$ levels as next main targets.

Expected Outcome

Holding below 21.35$ is a key condition for the continuation of the expected decline.

Breaching it represents a positive factor that will lead the price to start recovery attempts and head to achieve gains.

Expected Trading Range

Between 20.70$ support and 21.35$ resistance.