Sugar Price Continues Decline – Forecast for April 18, 2024

by Jennifer

In the latest analysis of sugar prices, the commodity continues to exhibit a predominantly bearish bias, edging closer to the $19.00 barrier. This supports the ongoing bearish wave, with additional downward targets identified starting at $18.50 and extending to $17.35.

Expectations lean towards witnessing further decline in the upcoming trading sessions, unless there is a breach of $19.82 and a daily close above this level.


The anticipated trading range for today is projected to fluctuate between support at $18.80 and resistance at $19.40.


Overall Trend Forecast: Bearish

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