Sugar prices have reached a strong demand zone around 1825–1830, a major support level. The price action suggests potential accumulation, with buyers likely stepping in. A rebound could target the 1983 level as the next resistance.
A sustained breakout above 1983 could open the door for further upside momentum, while a failure to hold 1825 may signal increased bearish activity.
Follow up for results.
A sustained breakout above 1983 could open the door for further upside momentum, while a failure to hold 1825 may signal increased bearish activity.
Follow up for results.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.