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Sugar price surpasses the first target – Analysis - 18-06-2021
Sugar price managed to achieve our first waited target at 16.85 and broke it to close the daily candlestick below it, which confirms the extension of the bearish wave to target 16.45 as a next station, waiting for more expected decline in the upcoming sessions.
The EMA50 supports the suggested negative scenario, which will remain valid conditioned by the price stability below 16.85 and the most important below 17.40.
The expected trading range for today is between 16.30 support and 16.90 resistance
The expected trend for today: Bearish
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Soybean price suffers sharp losses – Analysis - 18-06-2021
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