Sugar Wave Analysis 7 October, 2020

• Sugar rising inside impulse wave 3

• Likely to rise to 14.75

Sugar continues to rise inside the accelerated upward impulse wave 3 – which belongs to the intermediate impulse wave (C) from the start of September.

The price earlier broke above the powerful resistance level 13.30 (top of the previous medium-term correction (A)).

Sugar is likely to rise further toward the next resistance level 14.75 (target price for the termination of the active impulse sequence (C)).