Sugar price breaches the resistance – Analysis - 18-09-2020

Sugar price breached 12.86 level strongly and closed the daily candlestick above it, which stops the recently suggested negative scenario and leads the price to achieve more expected gains in the upcoming sessions, on its way to visit 13.73 level mainly.

Therefore, the bullish trend will be expected on the intraday and short term basis, and breaching 13.15 will ease the mission of achieving the above mentioned target, while the expected rise will remain valid unless breaking 12.86 level and holding below it.

The expected trading range for today is between 12.80 support and 13.50 resistance

The expected trend for today: Bullish