Sample Sitagri Market Report - Sugar

Sitagri Market Report – Sugar

24/06/2025

ICE US Sugar N°11 – Contract Fut. October – 2025

CLOSE	CHANGE	% CHANGE	VOLUME
16,57	0,00	0,00%	62 135

TECHNICAL ANALYSIS "DAILY"

MARKET FORECAST

In the long term, the market is in a downward channel with a resistance around 19.42; a median resistance around 17.61; and a support near 16.08.

In the medium term, the market is also moving within a downward channel with a resistance around 17.55; a median resistance around 16.75; and a support also near 16.08.
Additionally, an intermediate resistance is visible around 17.08.

In the shorter term, the market is evolving within a downward channel with a resistance around 16.80; a median support around 16.45; and a support near 16.12.
The market stands at a crossroads given the proximity of a double support zone around 16.05.

Thus, either the market initiates a bullish sequence with a break above 16.75 as a preliminary bullish signal, but the breakout of 16.85 is required to confirm a target at 17.08.
In this scenario, a pullback toward 16.45 remains acceptable, but the level at 16.05 must hold as support.

Or, conversely, the market initiates only a technical rebound toward 16.75, but the level at 16.85 is not breached.
Then, the market quickly resumes a bearish sequence with a break below 16.45 as a preliminary bearish signal, but more importantly below 16.05.
The market drops sharply through the break of a double support, with 15.25 as the next target.

CHART

PRICES PIVOTS

Today	Short Term	Mid Term
Decline continues ?	Decline continues ?	Decline continues ?
16,45	16,85	16,05

SUPPORTS and RESISTANCES

Short Term		Mid Term
Supports	Resistances	Supports	Resistances
16,45 ; 16,05	16,75 ; 16,85	15,25 €	17,08

WEEKLY REPORT of the week #26

In the long term, the market is moving within a downward channel with a resistance at 19.41; a median resistance around 17.50; and a support near 16.08.

In the medium term, the market is also trading within a downward channel with a resistance around 18.89; a median resistance near 16.75; and a support at 14.80.
Additionally, an intermediate support is visible around 15.41, while an intermediate resistance is visible near 18.00 respectively.

In summary, the key pivot zones to watch are as follows:
The 16.03 / 15.90 zone which — if broken — confirms a move back toward 15.41;

And the 17.44 / 17.56 zone which — if breached — would send the market back toward 18.00.

As for the indicators/oscillators, they remain overall bearish:

They are mostly below their respective neutrality zones, which they have confirmed as resistance;
Moreover, they have all broken below their signal lines, even though some are currently retesting them;
Finally, they are predominantly pointing downward.

As for directional strength, it is bullish, while the Buyer/Seller spread remains in favor of Sellers.

All this reflects an overall bearish market, even if intermediate rebounds are still to be expected.
The proximity of the new pivot support zone will once again be a key test in the coming weeks.

TREND CHART

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