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Sugar price presses on the support – Analysis - 20-10-2022
Sugar price attempted to break 18.40 level and finds solid support there, to hint heading to trade negatively in the upcoming sessions, which makes us suggest witnessing bearish bias today, its next main target located at 18.13.
On the other hand, we should note that the consolidation of 18.40 level against the negative attempts might push the price to test 18.70 level before any new negative attempt.
The expected trading range for today is between 18.00 support and 18.70 resistance
The expected trend for today: Bearish
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