Sugar price keeps rising – Analysis - 24-09-2021

2021-09-24 04:12:35 GMT (Economies.com)
 

Sugar price trades positively to gradually head towards our first waited target at 20.60, to keep the bullish trend valid and active for the upcoming period, noting that breaching the mentioned level will extend the bullish wave to reach 21.25 as a next main station.

 

Moving above the EMA50 supports the expected rise, which will remain valid unless breaking 19.72 and holding below it.

 

The expected trading range for today is between 19.95 support and 20.60 resistance

 

The expected trend for today: Bullish

 
 
 
  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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