Sugar price hovers around 10.40 level, keeping its stability inside the bearish channel that appears on the chart, while the EMA50 forms continuous negative pressure against the price.
Therefore, our bearish overview will remain valid for the upcoming period, which targets 9.70 level as a next main station, taking into consideration that breaching 10.52 will stop the suggested decline and push the price to more some bullish correction.
The expected trading range for today is between 9.85 support and 10.60 resistance
The expected trend for today: Bearish