3
Sugar prices have continued their decline, reaching just below the anticipated target of $20.08. However, a bullish rebound has begun, driven by positive momentum from the stochastic indicator, signaling the potential formation of a bullish wave on an intraday basis. The next target is expected to be around $21.35 to $21.55.
The bullish bias remains valid unless the price breaks below $20.08 and holds below this level with a daily close.
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The expected trading range for today is between $20.25 support and $21.00 resistance.
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Trend Forecast: Bullish
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