Sugar Futures ( SB1!), H1 Potential for Bullish Rise

sugar-futures-(-sb1!),-h1-potential-for-bullish-rise

Type: Bullish RiseKey Levels:Resistance: 19.37Pivot: 18.98Support: 18.84Preferred Case:We are expecting the price to potentially rise from our pivot level of 18.98 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection towards our 1st resistance level of 19.37 which is in line with 50% Fibonacci retracement and 61.8% Fibonacci projection.Alternative Scenario:Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 18.84 which is in line with previous graphical swing low support.Fundamentals:No major news.

Source: Tickmill

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