Sugar price presses on the support – Analysis - 13-04-2021
Economies.com
2021-04-13 03:17AM UTC
Sugar price ended yesterday negatively to press on the minor bullish channel’s support line that forms bearish flag pattern, which support the chances of continuing the expected bearish trend for the upcoming period, waiting to break the mentioned level to attack the key support 15.12 followed by confirming targeting 14.60 and 13.95 levels mainly.
Therefore, the bearish trend scenario will remain active on the intraday and short term basis conditioned by the price stability below 15.65.
The expected trading range for today is between 14.90 support and 15.50 resistance
The expected trend for today: Bearish
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