Sugar sector has turned bearish!!
attern Analysis- Thats a V shaped fall, which is a directional signal and an indication of extreme weakness.
Fib Analysis- The retracement to 38.2% is an indication of continued weakness. The support is at 82.40 below this the weakness will only intensify.
MA- Price is now below all the MA's and they will all converge which is again an indication of extreme weakness.
Fib Analysis- The retracement to 38.2% is an indication of continued weakness. The support is at 82.40 below this the weakness will only intensify.
MA- Price is now below all the MA's and they will all converge which is again an indication of extreme weakness.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.