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Sugar prices have extended their upward trajectory, surpassing the initial target of $19.60 and nearing $20.04. This bullish movement suggests a strong potential for additional gains both intraday and over the short term. Should the price breach the $20.04 level, it is projected to advance toward $20.76.
The 50-day Exponential Moving Average (EMA50) indicates continued support for the bullish trend, provided that prices remain stable above $19.60.
For today, the expected trading range for sugar is between $19.60 on the support side and $20.40 on the resistance side.
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