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Sugar prices recently exhibited a bearish bounce after testing the 21.35 level in previous sessions. This movement reinforces the ongoing anticipated bearish trend for both the intraday and short-term perspectives. It’s crucial to note that our subsequent targets commence at 20.45, followed by 19.82.
The EMA50 continues to provide support for the suggested bearish wave, maintaining its validity as long as the price remains below 21.35.
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For the current trading session, the projected range is anticipated between support at 20.10 and resistance at 20.90.
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In summary, the prevailing trend for today in sugar prices leans towards the bearish side, indicating a resumption of the downward trajectory.
