Sugar price keeps achieving the positive targets – Analysis - 22-02-2021

Sugar price settles near 17.00 level, and the price needs to gather enough positive momentum to push trades to continue the main bullish trend, as we expect heading to achieve more gains on the short term and medium-term basis, noting that the next target extends to 18.10.

On the other hand, we should note that breaking 16.50 will press on the price to achieve intraday bearish correction that targets testing 16.20 and might extend to 16.00 areas before any new attempt to rise.

The expected trading range for today is between 16.70 support and 17.20 resistance

The expected trend for today: Bullish