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Sugar price is displaying further signs of a bullish bias as it endeavors to test the 23.00 barrier, indicating a potential recovery in the sessions ahead. The next optimistic target is set at 23.82.
Hence, today’s outlook leans towards a bullish bias, substantiated by the positive stance of stochastic indicators. It is crucial to note that breaking the support level at 22.60 would impede the anticipated ascent and steer the price towards a more pronounced bearish correction.
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The projected trading range for today is expected between the support level of 22.60 and the resistance level of 23.60.
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Projected Trend for Today: Bullish
