92
Sugar prices experienced a notable decline in trading yesterday, nearing the initial target of $19.32. Analysts anticipate further downward momentum, potentially testing support around $18.75 in the near term.
The prevailing bearish trend appears robust and ongoing, with projections suggesting a continuation towards lower price levels. A key reversal point is identified at $19.82; surpassing this mark could alleviate downward pressure and prompt a potential shift towards a bullish trend in the short term.
Today’s anticipated trading range is projected to span between support at $18.90 and resistance at $19.75.
Related topics: