Sugar price managed to touch 18.70 level and bounced bullishly to test the first key resistance 19.00, and the price needs to hold below this level to keep the bearish trend scenario active, waiting to break 18.70 to head towards 18.40.
On the other hand, we should note that breaching 19.00 followed by 19.40 levels will stop the correctional bearish scenario and lead the price to turn to rise.
The expected trading range for today is between 18.40 support and 19.30 resistance
The expected trend for today: Bearish