Sugar price reaches the target – Analysis - 14-01-2020
Economies.com
2020-01-14 05:38AM UTC
Sugar price rallied upwards strongly yesterday to reach few pips away from our waited target at 14.22, and as we mentioned yesterday, this level represents key resistance for the short term and medium term trades, as breaching it will open the way to achieve additional gains that extend to reach 15.00$ barrier.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 13.80 level and holding below it.
The expected trading range for today is between 14.00 support and 14.35 resistance
The expected trend for today: Bullish
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