Sugar price continued to rise to breach the bearish channel’s resistance and head in the direction of beginning bullish correction for the decline that began from 23.61$ areas, concentrating on testing 18.42$ initially, noting that breaching this degree will push the price in the direction of 19.41$ areas on the near-term foundation.
Subsequently, the bullish bias can be prompt for today, noting that breaking 17.25$ will cease the bullish correction and push the price again to the bearish monitor once more.
The anticipated buying and selling vary for today is between 17.60$ help and 18.40$ resistance
Development forecast: Bullish
