Average weekly trading range in 2022 as of after week 42: USD 0.9.
Each bar is derived from one week of trading activity.
After week 42, there is an inside Blue bar with a higher low on a weekly scale. Trades estsblished below USD 18.3 could trigger downward pressure to the onging medium up-trend.
After week 40, Sugar prices are pushing higher on a weekly scale, showing a higher high and a higher low. This could be promising for more price pressure to come.
After week 34, Sugar prices are showing an inside bar for the latest week and rangebound for the last few weeks. It has been weak over the last 3 months so let's see what way the inside bar will take the Sugar markets next.
After week 24, Sugarprices are lower on a weekly scale marked by the lower high and lower low. Trading back above 19.4 could change the current weaker terms.
After week 20, prices are higher on a weekly scale. A higher high and a higher low is indicating strength.
After week 18, Sugar prices are lower. A lower low (18.5) and a lower high (19.5) signalling further weakness for Sugar markets in the weekly timeframe.
After week 16, there is a lower low (19.2) and a lower high (20.2) on a weekly scale. This is now signalling weakness rather than strength going forward.
After week 14, Sugar prices are trading at Octctober and November highs. Strength is shown through the higher high and higher low.
After week 11, there is an inside Blue bar. For the next move, be aware of 18.5 to the downside and 19.2 to the upside.
After week 10, there is a higher high and a higher low on a weekly scale going against seasonality. The Blue bar is strong.
After week 09, the outside bar in Blue should favour up rather than down, but too early too tell. The Sugar-trend has been weak since December. The latest weeks looks more like a pause in the ongoing downtrend than a trendshift.
After week 07, Markets see an inside Red bar which could soon play out in either direction. The trend last 3 months is down, and the weak seasonality period for Sugar starts in week number 8. Not to say this cannot turn around any time to countertrend.
After week 06, Sugar is down 1% the last two weeks. Prices are hoovering around the levels seen in the 2. week of January. The weekly bar contains a marginally higher high and a higher low but coloured in Red. If the bar is Red its because the actual closing price is lower than the formulated opening price.
After week 05, Sugar is seeing a lower low and a lower high.
After week 04, Sugar prices are marginally lower represented with a lower low and a lower high on the weekly scale.