Sugar price faces additional negative pressure to break 16.00 level and attempts to hold below it, which urges caution from the upcoming trading, as holding below this level will push the price to achieve more decline and head towards 15.55, while consolidating above it will revive the positive scenario that its first target located at 17.00.
The expected trading range for today is between 15.80 support and 16.40 resistance
The expected trend for today: Bullish