SBK2022 (Sugar Futures) , H4 Bullish continuation

34301 sbk2022 sugar futures h4 bullish continuation

Type: Bullish ContinuationKey Levels:Resistance: 20.12Pivot: 19.39Support: 18.98Preferred Case:Price is at pivot level of 19.39 in line with 23.6% Fibonacci retracement. Price can potentially continue its rally to the 1st resistance level of 20.12 which is a graphical high swing. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it. Alternative Scenario: Price dip to the 1st support level of 18.98 in line with 32.2% Fibonacci retracement. Fundamentals:No Major News

Source: Tickmill

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