A slow down? After six days of going up, Sugar is flat today, hovering around $23.21.

Sugar trades at $23.21 per pound, after ending Thursday at $23.18.

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, ICE Sugar's upper Bollinger Band® is at $23.54, suggesting that a downward move may follow.

The current technical outlook indicates ICE Sugar will continue to ebb sideways within tight ranges for the immediate future.

Furthermore, the market is looking at United States EIA Short-Term Energy Outlook is expected tomorrow at 16:00 UTC.

The commodity has been trending positively for about a month. Sugar has fallen back around 1.9% from the significant high of $23.63 set 4 days ago.