Sugar price keeps its positive stability – Analysis - 22-01-2021
Economies.com
2021-01-22 05:19AM UTC
Sugar price tested the main bullish channel’s support line and bounced bullishly from there, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50 that protects trading inside the mentioned channel, waiting to head towards 16.00 followed by 16.63 levels as next positive targets.
We should note that breaking 15.20 will stop the expected rise and press on the price to start correctional bearish wave.
The expected trading range for today is between 15.30 support and 15.80 resistance
The expected trend for today: Bullish
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