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Sugar price resumes the rise – Analysis - 24-01-2024
Sugar price provided clear positive trades yesterday to move away from 22.60 level, reinforcing the expectations of continuing the bullish trend on the intraday basis, and the way is open to achieve our next target at 23.80.
The positive effect of the inverted head and shoulders’ pattern still active and reinforce the expectations to rise, reminding you that it is important to hold above 22.60 to continue the suggested bullish wave.
The expected trading range for today is between 22.80 support and 23.60 resistance
The expected trend for today: Bullish
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