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Sugar price concluded last Friday with evident negativity, revisiting the crucial support level at 26.74. As long as the price maintains its position above this level, the bullish trend scenario persists and remains in effect. The subsequent target for this trend is situated at 27.82.
However, it is crucial to highlight that breaching the support level at 26.74 would disrupt the anticipated ascent, prompting the price to revert to a corrective bearish trajectory.
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The projected trading range for today is anticipated to fluctuate between the support level at 26.60 and the resistance level at 27.40.
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Anticipated Trend for Today: Bullish
