Midday update for Sugar price 13-01-2021
Economies.com
2021-01-13 10:10AM UTC
Sugar price still stuck between the next trend keys represented by 14.80 support and 15.05 resistance, and as we mentioned this morning, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
The contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality, while the expected targets after the breach area explained in our morning report.
The expected trading range for today is between 14.60 support and 15.10 resistance
The expected trend for today: Neutral
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