Sugar price approaches the target – Analysis - 23-06-2022
Economies.com
2022-06-23 04:33AM UTC
Sugar price provided additional negative trades to approach our waited target at 18.25, and we expect the continuation of the negative pressure to break this level and open the way to head towards 17.70 on the near term basis.
The EMA50 continues to support the expected bearish wave, which will remain valid conditioned by the price stability below 18.70 and the most important below 19.16.
The expected trading range for today is between 18.00 support and 18.70 resistance
The expected trend for today: Bearish
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