Sugar price retests the broken neckline – Analysis - 06-12-2021
Economies.com
2021-12-06 05:08AM UTC
Sugar price retested the broken neckline of the double top pattern and kept its stability below it, to keep the negative effect of this pattern active, waiting to resume the correctional bearish wave that targets 18.25 followed by 17.70 levels as initial stations.
Stochastic negativity supports the expected decline, which will remain valid conditioned by the price stability below 19.16.
The expected trading range for today is between 18.00 support and 18.80 resistance
The expected trend for today: Bearish
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