Sugar price hits the extended target – Analysis - 15-01-2021
Economies.com
2021-01-15 04:56AM UTC
Sugar price succeeded to achieve our extended target at 16.00 and settles there, opening the way to continue the bullish trend on the short term and medium term basis, to head towards 16.63 areas as a next main target.
Therefore, the bullish trend will remain dominant in the upcoming sessions, organized inside the bullish channel that appears on the chart, noting that holding above 15.13 is important to continue the expected rise.
The expected trading range for today is between 15.80 support and 16.40 resistance
The expected trend for today: Bullish
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