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Sugar Price Surges, Breaking Resistance Level

by Jennifer

Sugar prices experienced a robust upward surge, successfully surpassing the 24.30 resistance level and concluding the daily trading session above it. This development sets the stage for potential further gains in the upcoming trading sessions, with a target zone of around 25.25 emerging as the next prominent area.

Consequently, the prevailing market sentiment leans bullish for the current day, unless a significant breach of the 24.30 level occurs, followed by a sustained trading below it.

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Today’s projected trading range is anticipated to range between the support level at 23.60 and the resistance level at 24.40.

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Today’s forecasted trend: Favorable for Price Increase

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