• Sugar reversed from resistance zone
• Likely to fall to support level 17.50
Sugar recently reversed down from the resistance zone lying between the key multi-month resistance level 18.85 (which stopped the sharp uptrend in February) and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Bearish Engulfing – which started the active corrective wave (ii).
Sugar can be expected to fall further toward the next support level 17.50 (target for the completion of the active corrective wave (ii).).
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…
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…
This website uses cookies
