Sugar price retests the neckline – Analysis - 18-01-2024
Economies.com
2024-01-18 03:38AM UTC
Sugar price retested the breached neckline of the inverted head and shoulders’ pattern and keeps its stability above it, which keeps the bullish trend scenario active for the upcoming period, which targets 22.60 mainly.
Stochastic negativity might hinder the mission to rise to show temporary sideways fluctuation before resuming the positive trades, reminding you that it is important to hold above 21.35 to continue the expected rise.
The expected trading range for today is between 21.60 support and 22.40 resistance
The expected trend for today: Bullish
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