Sugar prices have continued their bullish rally, surpassing the initial target of $19.60 and approaching $20.04. This ongoing strength suggests further gains may be achieved in both the intraday and short-term outlooks. A break above $20.04 could drive prices towards the next positive target at $20.76.
Support from the 50-day Exponential Moving Average (EMA) reinforces the bullish trend, which remains valid as long as prices stay above $19.60.
Today’s expected trading range for sugar is between $19.60 (support) and $20.40 (resistance).
Trend Forecast: Bullish
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