Sugar price resumes rising – Analysis - 26-05-2020
Economies.com
2020-05-26 00:24AM UTC
Sugar price bounced upwards clearly after approaching to retest the breached neckline of the inverted head and shoulders’ pattern, accompanied by witnessing positive signals through stochastic, waiting for more rise in the upcoming sessions, as our first main target is located at 11.45, which extends to 12.16 after surpassing the previous level.
Therefore, we will keep our bullish overview for the upcoming period unless breaking 10.60 and holding below it.
The expected trading range for today is between 10.60 support and 11.45 resistance
The expected trend for today: Bullish
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