Sugar price achieves good gains – Analysis - 23-10-2020
Economies.com
2020-10-23 04:04AM UTC
Sugar price rallied upwards clearly yesterday to reach 14.80 level, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which targets 15.14 level as a next main station.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 14.28.
The expected trading range for today is between 14.50 support and 15.00 resistance
The expected trend for today: Bullish
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