A slow down: after six days of going up, the ICE Sugar future was flat Thursday and closed at $23.21.

A quick look at Thursday: Sugar moves 0.13% to close at $23.21 per pound Thursday.

The ICE Sugar future's state is reflected by market data as United States Unemployment Rate improved upon its previous reading of 3.6 with a new data release of 3.5. Highly important Non Farm Payrolls data from United States beat analyst expectations of 239,000 with a reading of 236,000. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.

Trend and momentum analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, the Sugar future's upper Bollinger Band® is at $23.54, suggesting that a downward move may follow.

Overall, technical indicators suggest Sugar has no obvious direction for the immediate future.

The commodity has been trending positively for about a month. ICE Sugar has fallen back around 1.9% over the past 2 days, from a notable high of $23.63.