Sugar price recovers again – Analysis - 05-05-2021

2021-05-05 00:58:33 GMT (Economies.com)
 

Sugar price surpassed 16.80 level and settled above 17.00 barrier, to confirm the activation of the bullish trend scenario for the upcoming period, paving the way to achieve gains that start at 17.50 and extend to 18.00, noting that the EMA50 supports the price from below.

 

We need to consider that the continuation of the expected bullish wave requires holding above 16.80.

 

The expected trading range for today is between 16.90 support and 17.50 resistance

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2166
-0.0007
0.0596%
1.4151
0.0015
0.1054%
Tadawul
10322.68
86.96
0.85%
27.502
-0.303
1.090%
65.020
-0.372
0.569%
68.30
0.01
0.01%
1834.750
-9.475
0.514%
 
 
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