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Sugar Price Surpasses Target – June 28, 2024

by Jennifer

The sugar price has successfully reached and breached the anticipated target of $19.82, settling above this level. This breakthrough confirms the potential for further gains in the upcoming period, with the next targets set at $20.55 and extending to $21.35.

As a result, the bullish trend is expected to continue on an intraday basis. However, it is important to note that breaking below $19.82 could halt the anticipated rise and trigger a decline.

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For today, the expected trading range for sugar is between the support level of $19.90 and the resistance level of $20.70.

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Trend Forecast: Bullish

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