Sugar price resumes the decline – Analysis - 14-01-2022

2022-01-14 04:58:05 GMT (Economies.com)
 

Sugar price bounced bearishly after testing 18.25 level in the upcoming sessions, to resume the bearish track, noting that stochastic provides negative signals that support the chances of breaking 17.70 to confirm extending the bearish wave towards 17.00.

 

We remind you that the continuation of the bearish wave depends on the price stability below 18.25 and the most important below 18.70.

 

The expected trading range for today is between 17.40 support and 18.20 resistance

 

The expected trend for today: Overall bearish

 
 
 
  Symbol Last Change Chg.%
1.1343
-0.0061
0.5349%
1.3611
-0.0047
0.3441%
Tadawul
12260.13
73.83
0.61%
24.108
1.097
4.765%
85.159
1.290
1.538%
88.44
0.93
1.06%
1839.055
18.595
1.021%
 
 
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