Commodities

Midday update for Sugar price 28-01-2020

2020-01-28 11:49:12 GMT (Economies.com)

Sugar price keeps its stability below 14.14 level, to keep the negative pressure suggested for the upcoming period, and the price needs to surpass the EMA50 to ease the mission of heading towards our targets that begin at 14.00 and extend to 13.53 after breaking the previous level, reminding you that holding below 14.14 is required to achieve the suggested targets.

 

The expected trading range for today is between 13.90 support and 14.20 resistance

 

The expected trend for today: Bearish

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