Sugar recently reversed up from the support area lying between the key support level 11.75 (former monthly low from January), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from last September.
The upward reversal from this support area stopped the earlier extended ABC correction (B).
Sugar is expected to rise further in the active impulse waves 3 and (C) and retest the next resistance level 12.75 (which repeatedly reversed the price in April).
- 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
