Technical Analysis and Outlook
Sugar prices are closing steady to lower nearer the Mean Support 0.1236 each trading day. Profit taking may pull down the soft commodity to Key Support 0.1194 following striking a four-month high $1333 on Oct 24. The bears hold the over-all near-term technical edge, while, awaiting Sugar Dip $1165 to be fulfilled.
Sugar prices are closing steady to lower nearer the Mean Support 0.1236 each trading day. Profit taking may pull down the soft commodity to Key Support 0.1194 following striking a four-month high $1333 on Oct 24. The bears hold the over-all near-term technical edge, while, awaiting Sugar Dip $1165 to be fulfilled.