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Sugar price continues to achieve the negative targets – Analysis - 22-12-2023
Date: 22 Dec 2023
Source: Economies
Reporter:
News ID: 57263
Pdf:
Nlink: https://www.economies.com/commodities/analysis/sugar-price-continues-to-achieve-the-negative-targets-%E2%80%93-analysis---22-12-2023-105697

              Sugar price traded with clear negativity yesterday to surpass our first waited target at 20.45 and reach the extended target at 19.82, facing more negative pressures that support the chances of surpassing the last level to open the way to suffer additional losses that reach 18.55 as a next main station.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 21.35 and hold above it.
 
  

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