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 [...]
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 [...]
After trading mostly sideways in the month of May and reaching a contract high of 26.66 cents, benchmark Jul-23 #11 world raw sugar broke below its 20-day moving average the week of May 15. The contract fell through support from 25.10 to 24.90 on [...]
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 [...]
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, [...]
Since January, nearby Mar-21 #11 world raw sugar traded in a new elevated range from 15.40 to 16.70, setting a contract high midmonth. The contract fell to the bottom of this new range at the end of January but recovered ground in February. The [...]
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, [...]
The nearby refined white sugar future contract, Oct-18 #5, closed at US$370 per metric ton on Monday—around US$16.78 per cwt. This is the lowest close for a nearby contract since December 2008. The contract specifies sugar with polarity at or above 99.8. It is [...]
