Sugar price breaches the resistance – Analysis - 11-12-2019

Economies.com
2019-12-11 05:43AM UTC

Sugar price breached 13.42 level clearly and settled above it, to activate the bullish trend scenario in the upcoming period, paving the way to achieve new positive targets that begin at 13.52 and extend to 13.78.

 

The EMa50 supports the price from below, noting that the continuation of the expected rise requires holding above 13.38.

 

The expected trading range for today is between 13.38 support and 13.55 resistance

 

The expected trend for today: Bullish

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