Sugar price under the negative pressure – Analysis - 04-03-2021
Economies.com
2021-03-04 05:16AM UTC
Sugar price ended yesterday with clear negativity to press on the main bullish channel’s support line, which urges caution from the upcoming trading, as confirming breaking 16.00 barrier will press on the price to continue the decline and visit 15.55 as a first negative target.
The price needs to surpass 16.30 to support the chances of resuming the main bullish trend that its next targets located at 17.00 followed by 17.50.
The expected trading range for today is between 15.80 support and 16.40 resistance
The expected trend for today: Bullish
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