Sugar price reached the thresholds of the waited target at 12.16, settling above the EMA50 that provides positive support to the price, to support the chances of surpassing the mentioned level and open the way to achieve more gains on the intraday basis, as the next target located at 12.86.
Therefore, the bullish bias will remain expected for the upcoming sessions unless breaking 11.45 and holding with a daily close below it.
The expected trading range for today is between 11.60 support and 12.40 resistance
The expected trend for today: Bullish