Sugar price presses on the support – Analysis - 27-01-2020
Economies.com
2020-01-27 05:54AM UTC
Sugar price shows new negative trades to test the key support 14.14, which urges caution from the upcoming trading, as breaking this level will stop the recently suggested positive scenario and press on the price to start correctional bearish wave.
Until now, we still keep our bullish overview conditioned by the price stability above the mentioned support, noting that stochastic and the EMA50 provide positive signals that support the expected rise, which its next main target located at 15.00.
The expected trading range for today is between 14.14 support and 14.60 resistance
The expected trend for today: Bullish
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