Sugar price rises calmly – Analysis - 02-06-2020

Sugar price provided calm positive trades yesterday to test 11.00$ barrier, getting continuous positive support by the EMA50, to keep the positive effect of the inverted head and shoulders’ pattern active, which supports the chances of achieving our positive targets that start at 11.45 and extend to 12.16.

In general, we will continue to suggest the bullish trend for the upcoming period unless we witnessed clear break and hold below 10.60.

The expected trading range for today is between 10.60 support and 11.45 resistance

The expected trend for today: Bullish