Sugar price around the moving average – Analysis - 28-01-2020
Economies.com
2020-01-28 06:03AM UTC
Sugar price hovers around the EMA50, keeping its stability below the key resistance 14.14, thus, our bearish overview will remain valid for the upcoming period, which targets 14.00 followed by 13.53 levels as main correctional stations, noting that breaching 14.14 will stop the suggested correctional wave and leads the price to resume the main bullish trend again.
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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