Sugar price fluctuates at 16.85 level, which represents the first protection factor to the positive scenario suggested today, getting positive signals by stochastic, waiting to assist to push the price to achieve our first waited positive target at 17.40.
Therefore, the bullish trend scenario will remain active conditioned by the price stability above 16.85 and the most important above 16.45.
The expected trading range for today is between 16.80 support and 17.40 resistance
The expected trend for today: Bullish