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Sugar price exhibited distinct positive movements in the previous trading session, successfully distancing itself from the 22.60 level. This reinforces the prevailing expectations of a continued bullish trend on an intraday basis, with the potential to reach our next target at 23.80.
The persistent positive impact of the inverted head and shoulders pattern remains in play, further enhancing the outlook for an upward trajectory. It is crucial for the price to maintain a position above 22.60 to sustain the suggested bullish wave.
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The expected trading range for today is anticipated to fall between the support level of 22.80 and the resistance level of 23.60.
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Expected Trend for Today: Bullish
