Sugar price gathers the positive momentum – Analysis - 10-05-2021
Economies.com
2021-05-10 00:28AM UTC
Sugar price ended last Friday below 17.50, but we notice that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the main bullish trend, which its next target located at 18.00.
Therefore, we will keep our overall bullish trend expectations for the upcoming period, noting that failing to consolidate above 17.50 will press on the price to test 17.05 areas before any new attempt to rise.
The expected trading range for today is between 17.30 support and 18.00 resistance
The expected trend for today: Overall Bullish
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