Commodities

Midday update for Sugar price 08-03-2021

2021-03-08 10:42:52 GMT (Economies.com)

Sugar price trades negatively now to head towards potential test to the key support 16.00, waiting to get positive motive that assists to push the price to resume the main bullish trend that its next main target located at 17.00, noting that breaking 16.00 will press on the price to start correctional bearish wave that its targets begin at 15.55.

 

The expected trading range for today is between 16.00 support and 16.55 resistance

 

The expected trend for today: Bullish

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