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Sugar prices have continued their upward trend in recent sessions, reaching the $18.80 mark and poised for further gains towards testing the $19.20 level as a significant target. Analysts emphasize the importance of closely monitoring price behavior at this juncture, as a breakthrough could pave the way for a rally towards the $20.27 range.
However, caution is warranted, as a decline below $17.96 would derail the anticipated upward movement, potentially resuming the overall bearish trajectory.
Today’s anticipated trading range is projected between support at $18.25 and resistance at $19.00.
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