Earlier this month, May-23 and Jul-23 #11 world raw sugar futures reached fresh contract highs. World sugar showed little in the way of unequivocally bullish factors, however, so amid moderate-volume trading and with oil closing lower over the week, technical trading and noncommercials were likely behind the gains.
May-23 #5 world white sugar touched a contract high but quickly retraced lower. Relative Strength Index was neutral to bearish, while Moving Average Convergence/Divergence was modestly bullish.
More detailed information and pricing concerning the world sugar market are available to our IQ subscribers. Log in to read more.
Leave A Comment