Midday update for Sugar price 14-02-2020

Sugar price tested the bullish channel’s support line and still above it until now, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 15.00 followed by 15.60 levels mainly, noting that breaking 14.65 will stop the expected rise and press on the price to achieve bearish correction on the intraday and short term basis.

The expected trading range for today is between 14.65 support and 15.10 resistance

The expected trend for today: Overall Bullish