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The current sugar price is fluctuating around the 26.74 level, demonstrating stability above this mark. Additionally, positive signals in stochastic indicators indicate a potential resumption of the anticipated bullish trend in the coming period. It’s crucial to note that the next target for this upward movement is set at 27.82.
A successful breach of the 27.00 level would facilitate the realization of the expected rise, while a break below 26.74 would signal a return to a corrective bearish trend.
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For today’s trading outlook, the expected range is between the support at 26.40 and the resistance at 27.30.
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Anticipated Trend for Today: Bullish
