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Sugar price breaches the resistance – Forecast today - 13-09-2024
Sugar price ended yesterday with strong positivity, as it breached 19.23$ level and settled above it, to cancel the negative effect of the double top pattern and head towards achieving expected gains on the intraday basis, targeting testing 19.60$ followed by 20.04$ levels as next positive stations.
Therefore, the bullish bias will be suggested for today, noting that breaking 19.23$ will stop the expected bullish trend and push the price to decline again.
The expected trading range for today is between 19.00$ support and 19.70$ resistance
Trend forecast: Bullish
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