Sugar price achieves clear gains – Analysis - 16-05-2022
Economies.com
2022-05-16 04:10AM UTC
Sugar price rallied upwards in the previous sessions to breach 18.85 and touch 19.16 direct, noticing that the price closed last Friday above this level, to confirm the continuation of the bullish trend domination on the intraday basis, on its way to achieve additional gains that reach 19.72.
Therefore, we expect to witness more expected rise in the upcoming sessions, taking into consideration that failing to hold above 19.16 will press on the price to decline and test 18.70 level initially.
The expected trading range for today is between 18.90 support and 19.70 resistance
The expected trend for today: Bullish
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