|
Sugar price awaits confirmation signal – Analysis - 06-10-2021
Sugar price continues to fluctuate within the symmetrical triangle that appears on the chart, thus, our neutrality will remain valid, waiting to break one of this pattern’s lines represented by 19.55 support and 20.00 resistance to detect the next destination clearly.
We remind you that breaking the support will put the price under negative pressure that targets 19.16 initially, while breaching the resistance will push the price to test the recently recorded top at 20.63 as a first target.
The expected trading range for today is between 19.30 support and 20.20 resistance
The expected trend for today: Neutral
Sugar price awaits confirmation signal – Analysis - 06-10-2021
Sugar price continues to fluctuate within the symmetrical triangle that appears on the chart, thus, our neutrality will remain valid, waiting to break one of this pattern’s lines represented by 19.55 support and 20.00 resistance to detect the next destination clearly.
MoreNo news for corn price – Analysis - 06-10-2021
Corn price continues to fluctuate within the bearish flag pattern, thus, no change to the bearish trend scenario that depends on the price stability below 557.00, reminding you that we need to break the mentioned pattern’s support line at 528.00 to confirm rallying towards our first negative target at 500.00.
MoreThe USDCHF resumes the rise – Analysis - 06-10-2021
The USDCHF pair managed to breach 0.9265 level and hold above it, which supports the continuation of our bullish overview efficiently for the upcoming period, paving the way to head towards our main waited target at 0.9345.
More