Sugar recently broke through the resistance area lying between the resistance level 11.250 (former strong support from August), resistance trendline of the daily down channel from June and the 61.8% Fibonacci correction of the pervious impulse wave (i).
The breakout of this resistance area accelerated the active short-term impulse wave (c).
Sugar is expected to rise further and retest the next resistance level 11.65 (top of wave (ii) from August and the target for the completion of the active impulse wave (c))
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
This website uses cookies