Sugar price enters the bullish channel again – Analysis - 21-09-2020

2020-09-21 03:58:34 GMT (Economies.com)
 

Sugar price ended last Friday with clear positivity to breach 13.15 level and settles above it, which puts the price inside the bullish channel again, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to head towards 13.73 that represents our next main target.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability below 12.86.

 

The expected trading range for today is between 13.10 support and 13.73 resistance

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1964
0.0070
0.5843%
1.3314
-0.0069
0.5178%
Tadawul
8693.47
65.41
0.76%
22.696
-1.349
5.612%
45.560
2.735
6.386%
48.18
0.38
0.79%
1786.855
-79.655
4.268%
 
 
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