Sugar Price Analysis
Expected Scenario
- Sugar price has resumed its negative trades, moving away from the 19.82$ level.
- This reinforces the expectations of continuing the bearish trend on the intraday and short-term basis.
- It is waiting to test 18.50$, representing the first target, with the possibility of further decline towards 17.35$.
Expected Trading Range
Between the support at 19.60$ and the resistance at 19.40$.
Trend Forecast: Bearish