Sugar price touches the resistance – Analysis - 13-01-2022
Economies.com
2022-01-13 05:04AM UTC
Sugar price touched 18.25 level and kept its stability below it, waiting to resume the negative trades to test 17.70 as a first station, which breaking it represents the key to rally towards 17.00 as a next station.
Therefore, the overall bearish trend scenario will remain valid unless breaching 18.25 followed by 18.70 levels and holding above them.
The expected trading range for today is between 17.50 support and 18.40 resistance
The expected trend for today: Overall bearish
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