Sugar Weekly Forecast

Weekly Forecast, March 8 – 12, 2021

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 16.70, which will be followed by moving up to resistance level 1750 and 18.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 16.70, which will be followed by reaching support level 15.65 and 15.

Chart Sugar This/Next Week Forecast, Technical Analysis

previous week forecast

Chart Sugar This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand shows fair price on the level 15.

Chart Sugar Ending Stocks, Inventory

Monthly Forecast, March 2021

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 18, which will be followed by moving up to resistance level 20.50.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 18, which will be followed by reaching support level 16.50 and if it keeps on moving down below that level, we may expect the market to reach support level 15.

Chart Sugar Forecast 2020, Long-term Technical Analysis and Outlook

previous month forecast