Weekly Forecast
(August 24 - 28, 2020)
Uptrend scenario
An uptrend will start as soon, as the sugar market rises above resistance level 12.9, which will be followed by moving up to resistance level 13.8.
Downtrend scenario
The downtrend may be expected to continue, while the sugar market is trading below resistance level 12.9, which will be followed by reaching support level 12.2.
Previous week sugar price forecast chart
Quarterly Forecast
(Quarter III: July - September, 2020)
Uptrend scenario
The uptrend may be expected to continue, while the sugar market is trading above support level 12.2, which will be followed by reaching resistance level 13.8 and 15.1.
Downtrend scenario
A downtrend will start as soon, as the sugar market drops below support level 11.48, which will be followed by moving down to support level 10.2 - 9.7.
Fundamental analysis
According to Fundamental Analysis difference between supply and demand shows oversold market and the fair price at the level $14.
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