#11 world sugar pushed tests 27 cents

Most-active Oct-23 #11 world raw sugar reached a contract high of 26.98 Sep. 14. On Sep. 15, the contract tried to push above 27.50 before falling to close at 26.91. RSI grew slightly less bearish, MACD remains neutral to bearish, and the stochastic is [...]

World sugar higher, buoyed by crude oil rally

Oct-23 #11 world raw sugar moved to a higher range the week of Aug. 28, breaking retracement resistance near 25.00 cents and the upper Bollinger Band Aug. 28, correcting lower midweek, and rebounding Sep. 1 to close at 25.81, a ten-week high. Mar-24 #11 also [...]

Sugar futures continue bullish tear

With the dollar index near its recent one-year lows and crude oil only now slipping from five-month highs, world and domestic sugar futures continued to see accelerated price growth through April. The trade seems focused on the possibility of a tighter market on lower [...]

Nearby #11 world sugar trading sideways in recent weeks

In the last three weeks, nearby Mar-22 #11 world raw sugar has kept broadly above retracement support around 18.00 and 17.80 and resistance near 18.45 and 18.85. The lower Bollinger Band may offer support below 17.75, while further resistance may be seen around 19.00, [...]

Sugar futures remain range-bound near recent highs

Mar-21 #5 world white sugar has kept to a three-week range after rallying from late December through mid-January. The contract tested its Jan. 18 contract high on Tuesday but instead dipped slightly lower Tuesday and Wednesday. Support may be above $459, $454, and $450, [...]

Go to Top