Sugar price attempts positively – Analysis - 07-04-2021
Economies.com
2021-04-07 03:20AM UTC
Sugar price provided positive trades to approach the intraday bearish channel’s resistance, accompanied by stochastic loss to the positive momentum, while the EMA50 continues to form negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 14.34 level as a next station, while holding below 15.55 represents key condition to continue the expected decline.
The expected trading range for today is between 14.50 support and 15.20 resistance
The expected trend for today: Bearish
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