Sugar price completes the positive pattern – Forecast today - 29-03-2024

Economies.com
2024-03-29 01:49AM UTC

Sugar Price Analysis

Expected Scenario: Continuing Bullish Trend

  • Sugar price managed to breach the $22.20 level and close the daily candlestick above it, completing the formation of the double bottom pattern and providing positive momentum expected to push the price towards gains surpassing $22.60 to reach $23.80.
  • The bullish trend will remain valid and suggested on the intraday basis, with the importance of holding above $21.35 to achieve the awaited targets.

Expected Trading Range for Today

  • Support: $22.00
  • Resistance: $22.70

Trend Forecast: Bullish

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