Sugar price resumes the rise – Analysis - 27-10-2020

Sugar price ended yesterday with clear positivity to move away from the bullish trend line, reinforcing the expectations of continuing the main bullish trend, which its next main target located at 15.14, supported by the positive signals provided by stochastic and the EMA50.

On the other hand, we should note that breaking 14.35 will stop the expected rise and press on the price to achieve temporary decline that targets testing 13.73 before any new attempt to rise.

The expected trading range for today is between 14.40 support and 15.00 resistance

The expected trend for today: Bullish