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Sugar prices have recently fallen below the $17.96 mark, closing the daily candlestick beneath this threshold. This movement supports the ongoing bearish trend expected in the intraday and short-term outlooks, with the next target projected at $17.35.
The 50-period Exponential Moving Average (EMA50) continues to bolster the anticipated bearish trend. This outlook remains valid as long as the price stays below $17.96, and crucially, below $18.40.
For today, the expected trading range for sugar prices is between the support level at $17.35 and the resistance level at $18.00.
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