{"id":105280,"date":"2017-04-27T09:05:16","date_gmt":"2017-04-27T13:05:16","guid":{"rendered":"http:\/\/countingpips.com\/?p=105280"},"modified":"2017-04-27T07:55:17","modified_gmt":"2017-04-27T11:55:17","slug":"sugar-technical-analysis-expected-increase-in-eu-sugar-output-is-bearish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/04\/sugar-technical-analysis-expected-increase-in-eu-sugar-output-is-bearish\/","title":{"rendered":"SUGAR: Technical Analysis – Expected increase in EU sugar output is bearish"},"content":{"rendered":"
April 27, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

Expected increase in EU sugar output is bearish for sugar prices<\/strong><\/p>\n

Removal of sugar production limits in European Union will increase RU sugar output, which is bearish for sugar. Will the sugar price<\/a> continue falling?<\/p>\n

The European Union will turn into a sugar exporter for the first time in over a decade after the removal of limits on production this year, US Department of Agriculture experts forecast. EU sugar production is expected to jump by 2.1m tonnes in 2017-18 to a record 18.6m tonnes after the limits are lifted. Sugar imports are expected to fall to 2.0m tonnes in the coming season, at the same time exports will rise by 700,000 tonnes to 2.2m tonnes. Increased output is bearish for sugar prices.<\/p>\n

\"Sugar<\/p>\n

On the daily timeframe SUGAR: D1 <\/b> has been trading with negative bias since early February. Both the 50 -day and 200-day moving averages MA(50) and MA(200) are falling and the gap between them is widening, which is a bearish signal.<\/p>\n