Sugar price resumes the decline – Analysis - 29-11-2023
Economies.com
2023-11-29 04:05AM UTC
Sugar price bounced bearishly after testing 26.74 level in the previous sessions, to keep the bearish trend valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 26.08.
Holding below 26.74 is important to continue the expected decline, as breaching it represents the key to regain the main bullish trend again.
The expected trading range for today is between 26.10 support and 26.74 resistance
The expected trend for today: Bearish
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