Sugar price gets negative signals – Analysis - 15-09-2021

2021-09-15 04:18:02 GMT (Economies.com)
 

Sugar price kept its stability below 19.72, to keep the bearish trend scenario active until now, supported by the negative signals provided by stochastic and the EMA50, waiting to resume the decline that targets 19.16 followed by 18.70 levels as main stations.

 

On the other hand, we should note that breaching 19.72 and holding above it will stop the suggested negative scenario and lead the price to resume the main bullish trend again.

 

The expected trading range for today is between 19.10 support and 19.80 resistance

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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