Sugar price shows mixed trades – Analysis - 22-06-2022
Economies.com
2022-06-22 04:21AM UTC
Sugar price provided clear positive trades yesterday but it stopped at the EMA50 that formed strong resistance against the price, to settle at 18.70 level, which keeps the chances valid to continue the recently suggested bearish trend scenario, waiting to break the last level to open the way to head towards 18.25.
Therefore, we will continue to suggest the bearish trend unless breaching 19.16 level and holding above it.
The expected trading range for today is between 18.20 support and 19.00 resistance
The expected trend for today: Bearish
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