Bullish sentiment helps propel the ICE Sugar future to 0.16% gain

A quick look at today: the ICE Sugar future improves slightly 0.16% to close at $25.41 per pound today.

Sugar's lower Bollinger Band® is at $24.88, indicating that the market is oversold and fertile for new buyers.

Overall, looking at the technical analysis landscape, it seems ICE Sugar might continue pointing upwards in the short term.

Also worthy of note, United States Consumer Confidence projected to decline to 99 while previous data was 101.3; data will be released tomorrow at 14:00 UTC.

Having set a significant high of $26.64 19 days ago, Sugar is trading 4.77% lower.