Sugar price continues to fluctuate around the bullish channel’s support line, finding difficulty to hold above it, waiting to get enough positive momentum to push the price to resume the expected bullish trend on the intraday and short term basis, which targets testing 13.73 level mainly.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 12.86 level and holding below it.
The expected trading range for today is between 13.00 support and 13.73 resistance
The expected trend for today: Bullish