Sugar price within sideways track – Analysis - 20-11-2020

Sugar price continues to fluctuate within sideways track between 14.90 support and 15.27 resistance, thus, we will continue with our neutrality until the price manages to breach one of these levels to detect its next targets clearly.

Note that breaking the mentioned support will press on the price to start correctional bearish wave that targets 14.33 followed by 13.73 levels as next negative stations, while breaching the resistance will lead the price to resume the main bullish trend that its next targets located at 15.50 followed by 16.00.

The expected trading range for today is between 14.50 support and 15.40 resistance

The expected trend for today: Neutral