Sugar price bounced bearishly after testing 18.00 level in the previous sessions, to achieve our first negative target at 17.60 and press negatively on it, waiting for more decline to visit 17.00 as a next target.
The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 18.00 and holding above it.
The expected trading range for today is between 17.00 support and 17.90 resistance
The expected trend for today: Bearish