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Sugar price draws another negative pattern – Analysis - 18-12-2019
Sugar price provided new negative trades yesterday, noticing that the price draws new head and shoulders’ pattern that its confirmation line located at 13.25, which threats the bullish channel’s support line that appears on the chart, as the full target of the mentioned pattern located at 12.90.
Therefore, the bearish trend scenario will remain dominant in the upcoming sessions unless the price rallied to breach 13.53 level and hold above it.
The expected trading range for today is between 13.05 support and 13.42 resistance
The expected trend for today: Bearish
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Soybean price hits the target – Analysis - 18-12-2019
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