Sugar gains 1.4% within $25.63 to $26.14 daily range

Friday at a glance: the ICE Sugar future rises 1.4% to close at $26 per pound Friday.

Trend analysis indicates that investors are seeking long positions as Sugar price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that ICE Sugar's upper Bollinger Band® is at $26.24, this is a slight indication of a slowdown.

Overall, while the ICE Sugar future has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Meanwhile, Cocoa stumbles 0.64% Friday and closed at $3,262. After ending Friday's session at $182.95, Coffee lost $1.55 and is trading around $181.4.

The Sugar future now trading 25% above its 3-month low of $17.4.