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Sugar prices continued their upward momentum, successfully reaching the anticipated target of $22.73. The price approached this level with attempts to breach it, indicating the potential for further gains, which could extend to the $23.00 and $23.90 levels as the next significant targets.
As such, a bullish trend is expected to persist in the near term. However, should the price fail to break through the $22.73 barrier, a bearish rebound may occur on an intraday basis.
The projected trading range for today is set between a support level of $22.40 and a resistance level of $23.20.
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