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Sugar price breaches the minor resistance – Forecast today - 06-06-2024
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Sugar price breaches the minor resistance – Forecast today - 06-06-2024
Jun 5, 2024 9:55 PM

Sugar Price Analysis Expected Scenario Sugar price surpassed 18.90$ level and closed the daily candlestick above it, to head towards achieving intraday gains and test 19.82$ mainly in the upcoming sessions, making the bullish bias suggested for today. Moving above the EMA50 supports the expected rise, noting that breaking 18.90$ will stop the bullish wave and push the price to resume the main bearish trend again. Expected Trading Range Between 18.90$ support and 19.60$ resistance.

Trend Forecast: Bullish

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