Sugar prices continue their upward trajectory, exhibiting a pronounced bullish bias as they successfully breach the 27.00 barrier and establish a settlement above it. This development reinforces expectations of a sustained bullish trend in the upcoming trading sessions, with the path now open to achieve the main target at 27.82.
The prevailing bullish trend scenario remains valid and active, contingent upon the price maintaining its position above the critical level of 26.74. A break below this level, if sustained, could potentially signal a shift in sentiment.
Market analysts anticipate a trading range for the day between support at 26.90 and resistance at 27.80, reflecting the current market dynamics. While the overall trend suggests a bullish outlook, market participants are advised to stay vigilant and closely monitor key levels, recognizing the potential impact on the short-term direction of sugar prices in today’s trading session.
