Sugar price tests the support – Analysis - 24-05-2022
Economies.com
2022-05-24 04:19AM UTC
Sugar price ended yesterday with clear negativity to approach the key support 19.72, affected by stochastic negativity, noticing that the EMA50 meets the mentioned support, to protect the positive scenario suggested in our previous reports, waiting to resume the bullish wave that targets 20.63 as a next main station.
Therefore, the bullish trend will remain suggested unless breaking 19.72 and holding with a daily close below it.
The expected trading range for today is between 19.60 support and 20.20 resistance
The expected trend for today: Bullish
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