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Sugar Wave Analysis – 02 March, 2019

  • Sugar broke support area
  • Likely to fall to 13.60

Sugar recently broke through the support area lying between the support levels 14.45, 14.10 (low of the previous downward correction (iv)) and the 61.8% Fibonacci retracement of the previous upward impulse from January.

The breakout of this support area accelerated the active short-term ABC correction 4.

Sugar is likely to fall further toward the next support level 13.60 (forecast price calculated for the completion of the active ABC correction 4).

Sugar broke support area

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