Midday update for Sugar price 07-05-2021
Economies.com
2021-05-07 08:50AM UTC
Sugar price faces additional negative pressure now to move below 17.50, which urges caution from the upcoming trading, as holding below this level will put the price under temporary negative pressure that targets testing 17.00 level before any new attempt to rise, while stepping above 17.50 represents the key to resume the bullish wave that its next target located at 18.00.
The expected trading range for today is between 17.35 support and 18.00 resistance
The expected trend for today: Bullish
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