On Tuesday Jul. 14, Oct-20 #11 hit a six-week low with a close at 11.32. The contract rebounded to longer-term retracement resistance above 11.80 the next day but failed tests of higher levels, turning instead to a four-session decline to retracement resistance below 11.65. On Wednesday this week, the contract bounced higher to a settle above that resistance level and the 20-day average of 11.84.

Additional support may be seen from 11.65 to 11.60, from 11.50 to 11.35, and above 11.10. Support may be seen around 11.90 and above 12.00, 12.25, and 12.35.

IQ subscribers, log in to read more.

#11 world sugar & U.S. dollar index


Source: DTN
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.