• Sugar reversed from resistance level 16.65
• Likely to correct down to 16.00
Sugar under bearish pressure after the price failed to hold the ground above the resistance level 16.65 (which stopped the previous impulse wave (i) in December).
The resistance area near the resistance level 16.65 was strengthened by the upper daily Bollinger band. The downward reversal form resistance level 16.65 started the active correction (iv).
Given the clear bearish divergence on the daily RSI indicator – Sugar can be expected to fall further toward the next support level 16.00.
In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…
Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…
Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…
DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…
NVDA: ⬆️ Buy - NVDA reversed from support zone - Likely to rise to resistance level…
Basic Attention Token: ⬇️ Sell - Basic Attention Token reversed from resistance level 0.2800 - Likely…
This website uses cookies