Sugar price gets a positive signal – Analysis - 21-01-2021
Economies.com
2021-01-21 05:03AM UTC
Sugar price provided positive trades yesterday and settled around 15.60, noticing that stochastic provides positive overlapping signal now, which supports the chances of continuing the expected bullish trend for the upcoming period, which its next targets located at 16.00 followed by 16.63.
The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 15.20.
The expected trading range for today is between 15.40 support and 15.80 resistance
The expected trend for today: Bullish
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