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Sugar price concluded the previous session on a negative note, nearing the crucial support level at 22.60. The EMA50 continues to act as a supportive factor for the price, maintaining the potential for the anticipated bullish trend to persist on an intraday basis. The primary target for this uptrend is situated around the 23.80 areas.
It is essential to be cautious, as a breach of the 22.60 level would halt the suggested upward movement and prompt a shift towards a bearish trend.
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The expected trading range for today is set between the support level at 22.60 and the resistance level at 23.30.
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Expected Trend for Today: Bullish
