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Sugar Price Analysis
Expected Scenario
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Sugar price is witnessing a resurgence, reclaiming ground above the $18.90 level and setting its sights on further gains on an intraday basis, with the primary target set at $19.80.
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Technical indicators are providing positive support to the price, enhancing the probability of sustaining the anticipated bullish trend. This bullish outlook remains contingent upon the price maintaining stability above the $18.90 threshold.
Expected Trading Range
The expected trading range is projected to be between the support level at $18.70 and the resistance level at $19.50.
Trend Forecast: Bullish
