Technical Analysis: Sugar prices are expected to remain valid on July 6

July 6th, Economies analysts’ latest opinion today: Sugar prices tried to break through 23.50, but the closing price failed to reach this level, keeping the expectation of falling is valid, waiting for the next target of 22.75.

EMA50 is forming a persistent negative pressure on the price, while Stochastic is now providing a clear negative signal, waiting to push the price back to the expected bearish, provided the price stays below 23.50.

Today’s expected trading range is between 22.75 support and 23.70 resistance.