Midday update for Sugar price 05-05-2021
Economies.com
2021-05-05 09:14AM UTC
Sugar price rallied upwards strongly to reach the first waited target at 17.50, and we expect the continuation of the rise to surpass this level and open the way to head towards our next station at 18.00, to keep the bullish trend scenario valid and active for the upcoming period unless breaking 16.80 and holding below it.
The expected trading range for today is between 16.90 support and 17.50 resistance
The expected trend for today: Bullish
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