Midday update for Sugar price 22-02-2021
Economies.com
2021-02-22 10:14AM UTC
Sugar price shows positive trades now after the decline that it witnessed by today’s open, and by taking a deeper look at the chart, we find that the recent trades are confined within bullish flag pattern that appears on the minor image, which means that breaching 16.95 will provide good positive motive that supports the chances of continuing the main bullish trend, which its next target located at 18.10.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 16.50.
The expected trading range for today is between 16.70 support and 17.20 resistance
The expected trend for today: Bullish
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