Sugar price heads towards the support – Analysis - 28-07-2021

Sugar price bounced bearishly to head towards potential test to the key support 18.20, affected by stochastic negativity, waiting to get positive motive that assist to push the price to resume the main bullish trend, which its next target located at 19.00.

Until now, the bullish trend scenario still active as long as 18.20 level remains intact, as breaking it will press on the price to achieve additional decline that targets testing 17.75 areas initially.

The expected trading range for today is between 18.20 support and 19.00 resistance

The expected trend for today: Bullish