Sugar price attempts to confirm the pattern – Analysis - 23-04-2021
Economies.com
2021-04-23 01:15AM UTC
Sugar price continues to fluctuate around the neckline of the inverted head and shoulders’ pattern, waiting to confirm the breach to rally towards our positive targets that extend to 18.00 followed by 18.87.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 16.55 and holding below it, noting that the EMA50 continues to support the suggested bullish wave.
The expected trading range for today is between 16.65 support and 17.10 resistance
The expected trend for today: Bullish
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