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Technical Analysis: The price of ICE raw sugar is expected to further decline
The latest analysis from Economies.com’s analysts: ICE sugar prices have successfully reached our expected target of 18.00. It is expected that the downtrend will resume today, and the next target for the decline can be seen at the low point of 17.35. We expect further decline in the intraday and short term basis. At the same time, it should be noted that breaking through 18.45 will stop the current downward pressure and guide the price to start attempting to rebound intraday. The trading range for today is expected to be between the support level of 17.50 and the resistance level of 18.30.