Sugar Prices Show Resilience, Eyeing Intraday Gains

Sugar prices have recently demonstrated robust support around the $18.00 mark, poised for a bullish rebound with an upward trajectory targeting initial gains of $19.20. Analysts indicate that surpassing this level could propel prices towards the next significant target at $20.27.

Market sentiment remains bullish for upcoming sessions, contingent upon breaching the $19.20 resistance level. However, failure to breach this point may prompt a downturn, potentially retesting support at $18.00.

Today’s anticipated trading range is expected between $18.40 as support and $19.20 as resistance, highlighting key levels to monitor for price movements.