Commodities

Midday update for Sugar price 18-01-2022

2022-01-18 12:06:45 GMT (Economies.com)

Sugar price provided clear positive trades to breach 18.25 and attempts to hold above it, which hints heading to turn to rise, to stay neutral until the price confirms its situation according to the support line formed at 18.25 and 18.70 resistance, as breaching this resistance will lead the price to achieve additional gains that reach 19.16, while breaking the support will push the price to resume the bearish track that its next target located at 17.70.

 

The expected trading range for today is between 17.70 support and 18.30 resistance

 

The expected trend for today: Overall bearish

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