Sugar (ICE US) (JUL5) intraday: the upside prevails as long as 15.82 is support

15.82 is our pivot point.

Our preference: the upside prevails as long as 15.82 is support.

Alternative scenario: the downside breakout of 15.82 would call for 15.62 and 15.50.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Sugar (ICE US) (JUL5) is above its 20 and 50 period moving average (respectively at 15.87 and 15.93).

Supports and resistances:

16.60 **

16.48 *

16.36 **

16.24

15.99 last

15.90

15.82 **