Sugar price bounced bullishly after pressing on 16.00, to keep the bullish trend dominant on the intraday and short-term basis, and the price needs to surpass the EMA50 to reinforce the chances of heading towards our main positive targets that start at 17.00 and extend to 17.50.
Therefore, we expect witnessing positive trades in the upcoming sessions conditioned by the price stability above 16.00.
The expected trading range for today is between 15.90 support and 16.40 resistance
The expected trend for today: Bullish