14
Sugar prices are currently hovering around the $17.96 mark, with attempts to break this level potentially reinforcing a bearish trend in upcoming sessions, targeting a decline towards $17.35.
The EMA50 indicator continues to exert downward pressure, reinforcing the anticipated bearish movement. This outlook remains intact unless there is a breach above $18.60, with a sustained hold above this level required to invalidate the bearish bias.
Today’s expected trading range suggests support at $17.50 and resistance at $18.25.
Related topic: