Midday update for Sugar price 06-05-2021
Economies.com
2021-05-06 10:20AM UTC
Sugar price rallied upwards to surpass 17.50 and settle above it, which reinforces the continuation of the bullish trend scenario efficiently on the short term and medium term basis, opening the way to head towards our next target at 18.00, noting that holding above 17.50 represents initial condition to continue the expected bullish wave.
The expected trading range for today is between 17.50 support and 17.90 resistance
The expected trend for today: Bullish
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