Core Viewpoint - Raw sugar prices have experienced a rebound followed by a decline, with the March contract closing in a bearish pattern, indicating a potential test of the 14-cent support level [1] Market Performance - Domestic spot prices continue to decline, with new sugar prices dropping nearly 300 points, reflecting weak market transactions and sustained old sugar inventory supporting demand [1] - The Liuzhou market's 26013 order contracts are consistently falling, reaching new recent lows, indicating significant selling pressure [1] Technical Analysis - Attention should be paid to the thickness of the 5205 resistance level; if this resistance holds, it suggests a high level of stop-loss acceptance among buyers, impacting the ongoing decline of the 26053 order [1] - The 2605 contract should focus on the performance of the 5110 resistance; if this resistance remains intact during a reduction in positions, it indicates new short positions are being taken, reinforcing a bearish sentiment [1] - If the 5095 gap resistance proves effective, there may be a short-term impact on the 5030 support level [1]

Core Viewpoint - The raw sugar market is experiencing a downward trend, with March contracts showing resistance at 15.30 cents and a focus on the support level at 14.80 cents in upcoming trading sessions [1] Market Performance - Domestic spot prices have resumed a slight decline, indicating weakness in the market, leading downstream buyers to adopt a wait-and-see approach for lower prices [1] - In the Liuzhou market, the contract price fell below the 5300 cents mark, forming a bearish pattern, suggesting that the downward pressure remains effective under the 5330 cents resistance level [1] Trading Dynamics - The trading volume for the 2605 sugar contract decreased, yet prices reached a recent low, reflecting a strong bearish sentiment in the market [1] - The breakdown below the 5220 cents support level indicates a continuation of the downward trend, with attention now shifting to the potential rebound strength at the 5180 cents level [1]

Group 1 - The core viewpoint of the article indicates that raw sugar prices are experiencing a downward trend, with the March contract facing resistance at the 15-cent mark, suggesting a cautious market sentiment from both buyers and sellers [1] - Domestic spot prices are declining due to a lack of support from downstream replenishment, and as prices decrease, overall market momentum is also diminishing [1] - The upcoming New Year and Spring Festival may alter overall transaction dynamics, indicating a potential need for a catalyst to break the current market stalemate [1] Group 2 - In the Liuzhou market, the 26013 order contract opened lower but closed higher, with an increase in trading volume compared to the previous day, indicating short-term buying interest around the 5300 level [1] - The expectation of support around the 5280 level suggests a need for a rebound process to validate the effectiveness of the 5350 resistance level [1] - The 26010 contract for sugar is also confirming pressure at the 5350 resistance, indicating a weak spot market, which may lead to a breakdown of balance if the basis reaches zero [1]

Group 1 - The raw sugar market is experiencing fluctuations, with the March contract testing the support level of 14.80 cents and closing around 15 cents, indicating a strong short-term rebound due to a lack of negative news [1] - Domestic spot prices continue to decline, with new sugar in Guangxi dropping below the 5500 yuan mark, reflecting low market interest at this price level and leading to a weak oscillation as inventory is being consumed [1] - The market in Liuzhou shows a continuous decline in orders, with the daily high failing to reach the 5400 yuan mark, indicating significant upward resistance and a potential test of lower support levels [1] Group 2 - The sugar futures contract 2601 faced resistance at the 5405 yuan level, suggesting that bullish expectations have been adjusted downward, with a focus on the performance of the 5400 yuan support level [2] - The short-term bullish sentiment may need to consider profit-taking if the market fails to show strength in rebounding from the 5400 yuan level [2]

Group 1 - The core viewpoint indicates that raw sugar prices have experienced a rebound followed by a decline, with the March contract closing at 15.30 cents, facing strong resistance [1] - Domestic spot prices have seen a significant decrease, leading to a collapse of the previously stable support platform, indicating increased supply pressure on buyers [1] - The market in Liuzhou showed a trading pattern of opening lower and then declining, resulting in a long lower shadow on the daily candlestick, suggesting intense trading activity around key psychological support and resistance levels [1] Group 2 - The sugar contract 2601 is experiencing a continued reduction in open interest and a fluctuating trend, with expectations of strong resistance around 5430 as trading shifts into December [1] - Following a gap down in trading volume, attention will be on the potential rebound at 5405; if this rebound fails, the price may test the support level at 5345 [1]

Group 1 - Raw sugar has rebounded from a five-week decline, with attention on the 15-cent resistance level this week. If this resistance holds, it may indicate a short-term exhaustion of short positions, leading to a potential pullback towards the 14.70-cent support level [1] - The domestic market is currently weak as old sugar needs to be digested before new sugar enters the market. Prices are not high enough to encourage downstream replenishment, resulting in a continued consolidation phase [1] - The market in Liuzhou shows a cautious trading environment, with the contract displaying four consecutive doji candlesticks after a low of 5426, indicating indecision among buyers and sellers [1] Group 2 - The 2601 sugar futures contract shows a high and then a pullback, forming a shooting star pattern on the weekly chart, with 5460 as a key support level to watch [2] - Short-term indicators suggest a potential for oscillation within the range of 5460 to 5504, indicating a cautious trading approach [2]