Sugar price resumes the rise – Analysis - 07-08-2020

Sugar price resumed its positive trading strongly yesterday to move away from 12.86 level, getting positive signals by stochastic, besides the positive support provided by the EMA50.

Therefore, these factors support the chances of achieving more gains in the upcoming period, and the way is open to visit 13.73 mainly, noting that it is important to hold above 12.16 to continue the expected rise.

The expected trading range for today is between 12.90 support and 13.70 resistance

The expected trend for today: Bullish