• Sugar broke resistance zone
• Likely to rise to 13.00
Sugar today broke through the resistance area located between the important resistance level 12.22 (which has reversed the price multiple times from June) and the 50% Fibonacci correction level of the previous extended downward impulse from May. .
The breakout of this resistance zone coincided with the breakout of the 38.2% Fibonacci correction level of the previous sharp downward impulse from February.
Sugar is expected to rise further in the active impulse waves (iii) and C toward the next resistance level 13.00.
- 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