Sugar price shows new strong negative trades to approach our waited target at 13.73, reinforcing the expectations of continuing the domination of the bearish trend today, and the chances valid to break the mentioned level to visit the main bullish channel’s support line at 13.42 as a next negative target.
Therefore, we will keep our bearish overview unless the price rallied to breach 14.60 level and hold above it.
The expected trading range for today is between 13.80 support and 14.40 resistance
The expected trend for today: Bearish