Sugar price builds support base – Analysis - 18-02-2021

2021-02-18 05:10:27 GMT (Economies.com)
 

Sugar price kept its stability above 16.00, to build support base that reinforces the expectations of continuing the main bullish trend, which its next target located at 16.63, noting that the EMA50 supports the price from below.

 

Therefore, the positive scenario will remain valid for the upcoming period unless breaking 16.00 followed by 15.75 levels and holding below them.

 

The expected trading range for today is between 15.95 support and 16.40 resistance

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2004
-0.0022
0.1846%
1.3831
-0.0122
0.8762%
Tadawul
10127.90
18.31
0.18%
26.127
0.335
1.299%
61.310
-1.868
2.957%
65.49
0.15
0.23%
1782.085
10.635
0.600%
 
 
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