Sugar recently broke the support area lying between the key support level 12.00 (monthly low from June) and the support trendline from the middle of May.
The breakout of this support area accelerated the active short-term waves (c) and 2.
Sugar is expected to fall further and retest the next support level 11.70 (target for the completion of the active ABC correction 2).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
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