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Sugar price achieves strong gains – Analysis - 24-02-2023
Sugar price rallied upwards strongly yesterday to breach 20.20 and open the way to resume the main bullish trend, on its way to achieve additional gains that start by visiting 20.70 areas, noting that surpassing this level will push the price to 21.00 direct.
Therefore, the bullish trend is expected for today, supported by stochastic and the EMA50 positivity, noting that breaking 20.10 will stop the suggested rise and press on the price to decline again.
The expected trading range for today is between 20.10 support and 20.80 resistance
The expected trend for today: Bullish
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