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Sugar price concluded the previous trading week on a notably positive note, further propelling its ascent towards our recently identified target of 25.25. The prevailing trajectory appears to remain favorable for continued ascent, with potential to surpass the aforementioned threshold and secure supplementary gains, setting sights on the subsequent milestone at 26.00.
In light of this, the forecast for the coming period sustains a bullish inclination, under the condition that the price maintains its position above the level of 24.30.
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Today’s projected trading range is envisaged to span from the support at 24.70 to the resistance at 25.60.
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Projected Trend for Today: Bullish
