Sugar recently broke the daily up channel from December – which accelerated the active corrective wave 4 from the start of February.
The price recently broke the support level 14.85 (low of the earlier wave (a), coinciding with the 38.2% Fibonacci correction of the previous upward impulse from January).
Sugar is likely to fall down further toward the next support level 14.50 (forecast price for the completion of the active wave 4).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- 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…
This website uses cookies