| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
On the daily timeframe #C-SUGAR: D1 is falling under 200-day moving average MA(200) following a retracement higher two weeks ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 10.02. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the last fractal high at 11.55. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (11.55) without reaching the order (10.02), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis
Sugar price is falling with Brazil expected to increase its export of sugar. Will the sugar price continue falling?