(MENAFN- FxPro)
- Sugar falling impulse wave (iii)
- Further losses are likely
Sugar continues to fall inside the short-term impulse wave (iii) – which previously broke through the key, multi-multi-month support level 11.35.
The breakout of this support level is aligned the active impulse wave C – which belongs to the longer-term ABC-wave (B) from February.
Sugar is expected to fall further and retest the next support level 10.7500 (target price for the completion of the active impulse wave (iii)).
MENAFN0709201901560000ID1098974906
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.