Mixed sentiment sees ICE Sugar ending the day broadly flat; establishes tight $20.42 to $20.69 range

The ICE Sugar future trades at $20.5 per pound, after ending yesterday at $20.48.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions.

Despite the market lacking direction, technical chart analysis strongly suggests ICE Sugar is positioned for a downward move in the near term.