• Sugar reversed from key support level 11.30
• Likely to rise to 12.25
Sugar today reversed up from the key support level 11.30 (former monthly high from May, which also reversed the previous short-term correction (iv) at the end of June, as can be seen below).
The support zone near the support level 11.30 was strengthened by the lower daily Bollinger band.
Sugar is likely to rise further toward the next strong resistance level 12.25 (which reversed the price multiple times from June – stopping waves (iii), (b) and (2)).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies