Sugar price breaks the support – Analysis - 26-09-2023
Economies.com
2023-09-26 03:40AM UTC
Sugar price managed to break 26.74 level and hold below it, to confirm the continuation of the correctional bearish trend domination in the upcoming sessions, opening the way to head towards visiting 26.08 level as a next negative station.
Therefore, we are waiting for more expected decline on the intraday basis, noting that breaking the targeted level will extend the bearish wave to reach 25.55 areas, while breaching 26.74 will stop the negative scenario and lead the price to regain the main bullish trend again.
The expected trading range for today is between 26.00 support and 26.80 resistance
The expected trend for today: Bearish
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