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Current Scenario:
The price of sugar has surpassed the $18.90 level and closed the daily candlestick above this mark. This movement suggests a potential for intraday gains, with the next target set at $19.82 in the upcoming sessions, indicating a bullish bias for today. The rise is further supported by the price moving above the EMA50. However, if the price falls below $18.90, the bullish wave will be halted, and the price is likely to resume its main bearish trend.
Expected Trading Range:
The anticipated trading range for sugar is between a support level of $18.90 and a resistance level of $19.60.
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Trend Forecast:
The overall trend for sugar is currently bullish.
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