Midday update for Sugar price 10-12-2019
Economies.com
2019-12-10 10:37AM UTC
Sugar price shows bearish bias now to approach testing the key support 13.27, and as we mentioned this morning, this support represents one of the next trend keys besides 13.42 resistance, as the price needs to breach one of them to detect its next destination clearly.
Therefore, we will continue with our neutrality until the price confirms breaching one of the mentioned levels, noting that the details of the expected targets after breach explained in our morning report.
The expected trading range for today is between 13.20 support and 13.45 resistance
The expected trend for today: Neutral
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