The Sugar future arrested its four day decline yesterday by adding 13 cents (0.53%)

Yesterday at a glance: the ICE Sugar future rose 13 cents to close at $24.74 per pound yesterday which makes for a move of 0.53%.

Uptick comes while some more positive signs for Sugar are out as highly important Non Farm Payrolls data from United States beat analyst expectations of 180,000 with a reading of 339,000.

On the flip side, Average Hourly Earnings in United States fell short of market expectations (0.4%) with a reading of 0.3%, continuing the decline from the previous figure of 0.4%. United States Unemployment Rate fell short of the 3.5 projections, with new data of 3.7.

Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, the Sugar future's lower Bollinger Band® is at $24.45, indicating that the market is oversold and fertile for new buyers.

All in all, the technical analysis suggests Sugar has no clear-cut direction.

Rallies can also be seen in other Softs, Cotton is trading around $86.11 after ending yesterday's session at $82.31 (up 4.62% today). Notably, Cocoa rose 0.53% yesterday and closed at $3,008.

Though Sugar is going up, other Softs are underperforming — after ending yesterday's session at $183.05, Coffee lost $2.5 and is trading around $180.55.

24 days ago the Sugar future reached a significant high of $26.64 but has consequently lost 7.62% since then.