Sugar price achieves strong gains – Analysis - 29-01-2020
Economies.com
2020-01-29 05:54AM UTC
Sugar price rose strongly yesterday to breach 14.14 level and settles above it, which stops the correctional bearish scenario after the price tested 23.6% Fibonacci correction level at 14.00, waiting for more rise in the upcoming sessions, as the first target located at 14.75 and extends to 15.00 after surpassing the previous level.
Therefore, the positive scenario will be suggested on the intraday and short term basis unless breaking 14.00 level and holding below it.
The expected trading range for today is between 14.20 support and 14.75 resistance
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Brent oil price attempted to breach 87.67$ level but it returns to hold below it, to keep the ...
Commodities
Crude oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Crude oil price provided new positive trades to reach 83.40$ areas, and bounced bearishly to ...
Commodities
Silver price forecast update 23-04-2024
2024-04-23 11:06AM UTC
Silver price shows new negative trades to attack 26.90$ and attempts to hold below it, to stop the ...