Time for SUGAR (commodity) international prices to cool down?
Weekly chart, SUGAR commodity has broken down support line # 2, and is heading towards #1 at around 17.12
Below that, the next target price will be 10.67
Another scenario is to rebound from Support # 1 towards 21 then 23
MACD indicator went negative, while RSI is getting into the buy area
Below that, the next target price will be 10.67
Another scenario is to rebound from Support # 1 towards 21 then 23
MACD indicator went negative, while RSI is getting into the buy area
액티브 트레이드:
I was just asked about my update regarding the current direction --
The last candlestick is not complete - we need a clear closing above the support # 2 line (one or 2 weeks) to confirm the rebound and change of direction.
The last candlestick is not complete - we need a clear closing above the support # 2 line (one or 2 weeks) to confirm the rebound and change of direction.
액티브 트레이드:
Trading at the current price level is not recommend; until we have a direction confirmation. Good luck :)