Commodities

Midday update for Sugar price 06-08-2020

2020-08-06 09:05:18 GMT (Economies.com)

Sugar price opens today’s trading positively and attempts to step above 12.86, to hint the price head to resume the bullish trend, but we need to get a daily close above this level to confirm the continuation of the bullish bias towards 13.73 as a next positive target.

 

On the other hand, confirming breaking 12.86 will put the price under additional negative pressure that targets 12.16 areas mainly.

 

The expected trading range for today is between 12.40 support and 13.10 resistance

 

The expected trend for today: Neutral

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