Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Jim Wyckoff

Sugar Prices Are Falling on Robust Supplies. Here Are the Levels to Watch Before You Sell.

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.