Sugar price gets the positive motive – Analysis - 21-11-2023

Economies.com
2023-11-21 04:11AM UTC

Sugar price managed to breach the falling wedge’s resistance to activate the positive effect of this pattern and rally bullishly to resume the bullish wave, reinforcing the expectations of continuing the rise on the intraday and short-term basis, reminding you that we are waiting to visit 27.82 as a next main target.

 

Stochastic provides positive signal that supports the expectations to rise, reminding you that it is important to hold above 24.74 to achieve the waited targets.

 

The expected trading range for today is between 26.80 support and 27.70 resistance

 

The expected trend for today: Bullish

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