In a January 21, 2024, Barchart article on the sugar futures market, I wrote:
Sugar’s bullish trend that started in 2020 remains intact in early 2024. While the first upside target is at the November 2023 28.14 high, the 2011 31.85 and 36.08 cents per pound technical resistance levels could come into play later this year if supply and demand fundamentals move into a deficit. Higher crude oil prices will likely continue to support gains in the sweet commodity.
