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Sugar price achieves clear gains – Analysis - 18-10-2023
Sugar price rallied upwards strongly in the previous sessions to breach 26.74 and head towards resuming the main bullish trend again, on its way to achieve gains that start by testing the previously recorded top at 27.82.
Therefore, the bullish bias will be suggested in the upcoming sessions, supported by the EMA50, noting that breaking 26.74 will stop he expected rise and put the price under the correctional bearish pressure again.
The expected trading range for today is between 27.00 support and 27.80 resistance
The expected trend for today: Bullish
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Soybean price surpasses the resistance – Analysis - 18-10-2023
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