Sugar price rallied upwards strongly yesterday after the completion of the bullish flag pattern mentioned in our last report, to settle around 17.40, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, reminding you that our main waited target reaches 18.10.
Therefore, we are waiting for more rise in the upcoming sessions, noting that holding above 17.05 represents the first condition to continue the suggested bullish wave.
The expected trading range for today is between 17.20 support and 17.70 resistance
The expected trend for today: Bullish