Sugar price crawls downwards to gradually approach our waited target at 18.70, reminding you that the price is affected by the double top pattern that we expect to cause extension to the bearish wave to reach 18.25 as a next station.
Therefore, we suggest the continuation of the bearish trend on the intraday basis, noting that breaching 19.16 will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 18.30 support and 19.16 resistance
The expected trend for today: Bearish