Back Feb 05, 2025

Sugar price resumes the rise – Forecast today - 05-02-2025

Sugar price ended yesterday positively, to approach our waited target at 18.42$, and we suggest breaching this level to open the way to achieve bullish correction that its next target reaches 19.41$.

The technical indicators support the expected rise, noting that breaking 17.90$ will stop the bullish wave and push the price to turn to decline.

The expected trading range for today is between 18.00$ support and 18.80$ resistance

Trend forecast: Bullish

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