The price of sugar is persisting in its lateral movement, remaining confined within the boundaries of the sideways range delineated by the support level at 22.60 and the resistance level at 23.80. This sustains the validity of the sideways bias on an intraday basis, necessitating a breach of either of these levels to reveal the next clear targets.
Traders seeking details about the expected targets following a breach are advised to refer to our previous report on sugar prices.
The anticipated trading range for today is expected to be between the support level at 22.80 and the resistance level at 23.70.
In summary, sugar prices are continuing their sideways fluctuation, and traders should monitor the key support and resistance levels for potential entry and exit points.
