Sugar price loses momentum – Analysis - 08-04-2020
Economies.com
2020-04-08 05:02AM UTC
Sugar price attempted to breach the intraday bearish channel’s resistance but it ended yesterday below it, which keeps our bearish overview valid on the intraday and short term basis, supported by stochastic approach to the overbought areas, besides the negative pressure formed by the EMA50.
Our expected targets begin at 10.00 and extend to 9.70, while achieving them requires holding below 10.55.
The expected trading range for today is between 9.85 support and 10.60 resistance
The expected trend for today: Bearish
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