Sugar recently reversed down with the daily Falling Star from the resistance zone lying between the resistance level 11.25 (former strong support from August), upper resistance trendline of the daily down channel from June and the 61.8% Fibonacci correction of the previous downward impulse from August.
The downward reversal from this resistance zone started the active short-term impulse wave (v) – which belongs to wave 3 from March.
Sugar is expected to fall further and retest the next support level 10.75 (low of the previous Morning Star from the start of September).
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
This website uses cookies
