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
Commodities News
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Commodities
Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Commodities
Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...