Sugar price tests the resistance – Analysis - 01-07-2022
Economies.com
2022-07-01 03:53AM UTC
Sugar price continued to rise to test 18.70 level, noticing that the price bounced downwards clearly from there, to support he continuation of the recently suggested bearish trend scenario, which its targets begin by breaking 18.25 to open the way to head towards 17.70.
The EMA50 and stochastic provide negative signals that support the expected decline, which will remain valid conditioned by the price stability below 18.70.
The expected trading range for today is between 17.80 support and 18.70 resistance
The expected trend for today: Bearish
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