The sugar price has maintained a phase of lateral movement in recent trading sessions, accentuating the necessity for an infusion of positive momentum. This resurgence of bullish vigor is pivotal in propelling the price towards a resumption of the upward trajectory. The primary targets of 26.00 and subsequently 26.80 stand as imminent milestones within this renewed bullish progression.
Crucially, the viability of the bullish trajectory endures, anchored in the steadfast support at 25.25. The pivotal threshold remains integral to the preservation of the ongoing uptrend, as breaching this level introduces a potential negative dynamic that could prompt a return to the realm of corrective bearish movement.
Today’s projected trading range extends from the support level of 25.40 to the resistance level of 26.10.
The expected trend for today remains buoyantly bullish.
