Sugar price regains the bullish trend – Analysis - 13-12-2019
Economies.com
2019-12-13 06:02AM UTC
Sugar price leaned on 23.6% Fibonacci correction level and bounced upwards clearly to resume the main bullish track, organized inside the bullish channel that appears on the chart, paving the way to continue rising on the intraday and short term basis, on its way to visit 13.68 level as a next main target.
Therefore, the bullish trend will be expected in the upcoming sessions unless breaking 13.32 level and holding below it.
The expected trading range for today is between 13.40 support and 13.68 resistance
The expected trend for today: Bullish
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