Upwardly mobile Sugar extends gains by 58 cents; closes session 2.34% higher

Friday at a glance: the ICE Sugar future rallies 2.34% to close at $25.41 per pound Friday.

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 Sugar might continue pointing upwards in the short term.

This rally in the Sugar future's price coincides with other Softs as Cotton is trading around $83.64 after ending Friday's session at $80.12 (up 4.39% today).

At the same time, Coffee descends 1% Friday and closed at $182.7. Cocoa withdraws 0.56% Friday and closed at $3,017.

The Sugar future has fallen back around 6.79% over the past 18 days, from a notable high of $26.64.