White Sugar Technical Chart and Analysis 6th October 2017

The current formation indicates consolidation at these levels. A rise above $384.72 will revisit $388.10 (100-DMA), while any downside will cause the downtrend to resume with a likely target at $372.69 (30-DMA). The RSI has become flat and the MACD has continued to decline, suggesting a neutral to negative view.

 

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