Sugar price touches the target – Analysis - 24-06-2022
Economies.com
2022-06-24 04:37AM UTC
Sugar price managed to touch our first negative target at 18.25, expecting to open today negatively to break this level and rally towards our next station that reaches 17.70.
Therefore, the bearish trend scenario will remain valid supported by the negative pressure formed by the EMA50 unless breaching 18.70 and holding above it.
The expected trading range for today is between 17.80 support and 18.60 resistance
The expected trend for today: Bearish
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