Sugar price touches the second target – Analysis - 29-11-2022
Economies.com
2022-11-29 04:48AM UTC
Sugar price managed to touch 18.70 level and bounced bullishly to test the first key resistance 19.00, and the price needs to hold below this level to keep the bearish trend scenario active, waiting to break 18.70 to head towards 18.40.
On the other hand, we should note that breaching 19.00 followed by 19.40 levels will stop the correctional bearish scenario and lead the price to turn to rise.
The expected trading range for today is between 18.40 support and 19.30 resistance
The expected trend for today: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Brent Oil Price Analysis Key Points: Brent oil price has resumed positive trading, finding ...
Commodities
Crude oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key ...
Commodities
Silver price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Silver Price Analysis Key Points: Silver price is currently trading positively, influenced ...