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Sugar price attempts to recover – Analysis - 01-05-2023
Sugar price tested 26.00 barrier and found solid support there, to end last Friday positively and hint heading to resume the main bullish wave, targeting testing 27.00 areas as a next main station.
Therefore, the bullish bias will be expected for today, waiting to gather positive momentum that assists to push the price to achieve the waited targets, noting that breaking 26.00 will stop the expected rise and press on the price to visit the bullish channel’s support line around 25.10 before any new positive attempt.
The expected trading range for today is between 25.90 support and 26.90 resistance
The expected trend for today: Bullish
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