Sugar price ended last Friday positively to move away from 17.40 level, to keep the bullish trend scenario active for the upcoming period, which depends on the price stability above the mentioned level, waiting to visit 18.20 level mainly.
Note that it is important to monitor today’s open, as it is possible that the price witness negative pressure that follows the other commodities that showed strong negative open.
The expected trading range for today is between 17.40 support and 18.00 resistance
The expected trend for today: Bullish