Sugar price leaned on 11.45 level yesterday and resumed the positive trading to move away from this level, reinforcing the expectations of continuing the bullish trend, and the way is open to head towards our next target at 12.16.
The positive effect of the inverted head and shoulders’ pattern still active, to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 11.45.
The expected trading range for today is between 11.50 support and 12.16 resistance
The expected trend for today: Bullish