Sugar price bounced bearishly again after testing 22.15$ level in the previous sessions, but it found solid support at 21.55$, waiting to get negative motive that assist to push the price to break this level and confirm the continuation of the bearish trend on the intraday and short-term basis, reminding you that breaking the mentioned level will push the price towards 20.80$ direct.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 22.15$ and holding above it.

The expected trading range for today is between 21.30$ support and 22.00$ resistance

Trend forecast: Bearish