Midday update for Sugar price 21-01-2021
Economies.com
2021-01-21 11:01AM UTC
Sugar price faces negative pressure now to head towards new test to the bullish channel’s support line, which urges caution from the upcoming trading, as continuing the decline and breaking 15.20 will complete forming negative pattern that has the ability to push the price to start correctional bearish wave, while the price needs to breach 15.85 to reinforce the chances of resuming the bullish trend that targets 16.00 followed by 16.63 levels mainly.
The expected trading range for today is between 15.40 support and 15.80 resistance
The expected trend for today: Bullish
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