Sugar Price Forecast – May 30, 2024

by Jennifer

Expected Scenario:

Sugar price has been trading within a sideways pattern in recent sessions. However, negative signals from the stochastic indicator suggest a potential resumption of the bearish momentum in the near future. The next target for the bearish wave is identified at $17.35.


Expected Outlook:


The bearish bias remains intact, contingent upon the price holding below the resistance level at $18.90. This condition is crucial for the continuation of the anticipated downward movement.

Expected Trading Range:

The anticipated trading range is between the support level at $17.80 and the resistance level at $18.50.

Trend Forecast: Bearish

In summary, sugar price is expected to maintain its bearish outlook, with a potential decline towards the specified target. Traders should monitor key support and resistance levels for confirmation of the bearish trend continuation.

You May Also Like


Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright – Futures Market, Investment, Trading & News