Sugar price keeps its positive stability – Analysis - 27-05-2020

Sugar price provided temporary negative trades yesterday but it returns to settle above 11.00 barrier, to keep the bullish trend scenario valid and active on the intraday and short term basis, and the way is open to achieve our first waited target at 11.45, reminding you that breaching this level will push the price to 12.16 as a next station.

The EMA50 keeps supporting the expected bullish wave, which will remain valid unless breaking 10.60 level and holding below it.

The expected trading range for today is between 10.80 support and 11.60 resistance

The expected trend for today: Bullish