Sugar Prices Anticipate Further Upside – March 13, 2024 Forecast

by Jennifer

Sugar prices have securely positioned themselves above the breached neckline of the double bottom pattern visible on the chart, accompanied by a movement above the EMA50. This positive development provides substantial support, reinforcing the likelihood of the anticipated bullish trend on an intraday basis, with the next key target at 22.60.

The inclination towards a bullish trend on the intraday basis remains steadfast, emphasizing the importance of maintaining levels above 21.35 to actualize the awaited targets.


The anticipated trading range for today is forecasted to fluctuate between support at 21.65 and resistance at 22.30.


Trend Forecast: Bullish

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