Sugar price attacks the support – Analysis - 20-09-2021

Sugar price ended last Friday with clear negativity to attack 19.72 level, which hints heading to return to the correctional bearish track again, on its way to achieve negative targets that start by testing 19.16 areas initially.

Therefore, we expect to witness negative trades in the upcoming sessions, taking into consideration that consolidating above 19.72 will stop the suggested negative scenario and lead the price to resume the main bullish trend again.

The expected trading range for today is between 19.40 support and 19.90 resistance

The expected trend for today: Bearish