Sugar price needs the positive momentum – Analysis - 26-10-2020
Economies.com
2020-10-26 03:54AM UTC
Sugar price provided negative trades by the end of last Friday, waiting to get enough positive momentum to push the price to continue the main bullish trend, which gets continuous support by the EMA50.
In general, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 14.35, noting that we are waiting to visit 15.14 level as a next main target.
The expected trading range for today is between 14.40 support and 15.00 resistance
The expected trend for today: Bullish
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