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Midday update for Sugar price 11-01-2021
Sugar price faces negative pressure to break 14.95 and attempts to hold below it, which urges caution from the upcoming trading, as closing the daily candlestick below it will press on the price to start correctional bearish wave that its targets begin at 14.10, while stepping above it again will push the price to resume the main bullish trend that its next target located at 16.00.
Therefore, we will stay aside now until the price confirms its situation according to 14.95 level followed by detecting the next destination clearly.
The expected trading range for today is between 14.70 support and 15.00 resistance
The expected trend for today: Neutral
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