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Sugar prices attempted to breach the $19.60 mark but ended the day above this level, maintaining the bullish trend. Market analysts are now anticipating that prices will test the $20.04 level next. A successful breakout above $20.04 could extend the bullish momentum, potentially pushing prices towards $20.76.
Conversely, if prices fall below $19.60, the positive outlook may be negated, leading to a potential decline.
For today, the expected trading range for sugar is between a support level of $19.50 and a resistance level of $20.40.
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3 Things To Know Before Trading Sugar Futures