Sugar price succeeded to touch our waited target at 16.55 and settles there, expecting to continue the bullish bias to surpass this level and open the way to head towards our next target that reaches 17.30.
Therefore, the bullish trend will remain suggested on the intraday and short term basis, noting that failing to achieve the required breach might force the price to rebound bearishly and head towards testing 15.12 areas before any new attempt to rise.
The expected trading range for today is between 16.30 support and 16.80 resistance
The expected trend for today: Bullish