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Sugar prices have recommenced their positive trading, distancing themselves from the 26.74 level. This reaffirms the outlook for a continued bullish trend, with the path set to achieve our primary target at 27.82.
The stochastic indicator is providing positive signals, lending support to the anticipated bullish trend. Additionally, the EMA50 is offering a positive backdrop. It is crucial to maintain a position above 26.74 to realize the expected targets.
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The projected trading range for the day lies between support at 27.05 and resistance at 27.90.
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Today’s expected trend: Bullish
