Sugar price ended yesterday with clear negativity, affected by stochastic negativity, while the EMA50 keeps providing the positive support to the price, to keep our bullish overview that depends on the price stability above 13.73, waiting to head towards 15.14 as a next main target.
We should note that breaking 13.73 will complete forming negative pattern that has the ability to turn the intraday track to decline and head towards 13.10 areas initially.
The expected trading range for today is between 14.00 support and 14.60 resistance
The expected trend for today: Bullish