Sugar price under the negative pressure – Analysis - 26-09-2022
Economies.com
2022-09-26 04:09AM UTC
Sugar price ended last Friday with strong negativity to break 17.80 level and settles below it, which puts the price under expected negative pressure in the upcoming period, targeting visiting 17.23 level initially.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, taking into consideration that breaching 17.80 will push the price to return to the correctional bullish track again.
The expected trading range for today is between 17.20 support and 17.90 resistance
The expected trend for today: Bearish
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