Sugar price faces solid support – Analysis - 07-06-2023
Economies.com
2023-06-07 04:05AM UTC
Sugar price found solid support at 24.30 level, to show some slight bullish bias, affected by stochastic positivity, and we need to monitor the upcoming trading, as there is a chance to head to test 24.90 followed by 25.25 areas before turning back to decline again.
Therefore, we prefer to stay aside until the price confirms its situation according to the current support areas, noting that breaking 24.30 will open the way to rally towards the next correctional level that reaches 23.50.
The expected trading range for today is between 23.90 support and 24.90 resistance
The expected trend for today: Neutral
Commodities News
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities Technical Analysis
Commodities
Platinum price moves slowly – Forecast today – 3-5-2024
2024-05-03 07:02AM UTC
Scenarios Scenario 1: Slow Positive Attempts Despite positive factors, platinum price sees slow ...
Commodities
Copper price under the negative pressure – Forecast today – 3-5-2024
2024-05-03 07:00AM UTC
Scenarios Scenario 1: Continuous Negative Pressure Copper price affected by stochastic exit ...
Commodities
Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...