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Sugar prices are currently experiencing negative trading movements as they test the crucial support level at $19.25. Despite this, prices have remained above this threshold, maintaining the potential for a continued bullish trend in the short term. Initial targets for upward movement include breaking through $19.82, which could pave the way toward reaching $20.35 and subsequently $20.80.
Conversely, it is important to note that a drop below $19.20 would negate the anticipated upward trajectory and likely trigger a downward shift in prices.
For today, the expected trading range is set between support at $19.15 and resistance at $19.90.
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