Sugar Weekly Forecast For Oct. 12-16
The Upcoming Week Forecast (October 12 - 16, 2020)
- Uptrend scenario: The uptrend may be expected to continue if the market trades above the support level of 13.25, which would be followed by reaching resistance level 15.10.
- Downtrend scenario: A downtrend may start as soon as the market drops below the support level of 13.25, which would be followed by moving down to support level 11.90 - 11.50.
Previous Week Sugar Price Forecast Chart
Fundamental Analysis
The difference between supply and demand, as well as the price, is illustrated on the levels 14 - 15.
Long-term Forecast (Quarter III: July - September, 2020)
Uptrend scenario: The uptrend may be expected to continue if market trades above the support level of 12.2, which would be followed by reaching resistance level 13.8 and 15.1.
Downtrend scenario: A downtrend may start as soon as the market drops below the support level of 11.48, which would be followed by moving down to support level 10.2 - 9.7.
Disclaimer: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. ...
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