Sugar price surpasses the first target – Analysis - 12-08-2022
Economies.com
2022-08-12 04:12AM UTC
Sugar price achieved our first target at 18.40 and breached it to settle above it, confirming the continuation of the bullish wave and head to achieve additional positive targets that reach 18.70, noting that breaching this level will push the price to 19.00 as a next station.
Therefore, the bullish trend will remain suggested on the intraday basis conditioned by the price stability above 18.00.
The expected trading range for today is between 18.20 support and 19.00 resistance
The expected trend for today: Bullish
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