
October sugar futures (SBV25) present a selling opportunity on more price weakness.
See on the daily bar chart for October world sugar futures that prices are in a downtrend and have just hit a 4.5-month low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish mode as the red MACD line is below the blue trigger line and both lines are trending down. The sugar bears have the overall near-term technical advantage, to suggest more price downside in the near term.