Midday update for Sugar price 08-04-2020
Economies.com
2020-04-08 09:41AM UTC
Sugar price’s recent trades confined within bearish pennant pattern that its signs appear on the chart, waiting to break 10.30 to get negative motive that supports the chances of resuming the bearish trend that targets 10.00 followed by 9.70 levels as next main stations.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 10.55 level and holding above it.
The expected trading range for today is between 9.85 support and 10.60 resistance
The expected trend for today: Bearish
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