October sugar futures (SBV25) are showing a buying opportunity as prices hit a two-month high and start trending higher. Reduced global production and increased demand due to droughts in major sugar-producing regions are driving the price increase.

A move above resistance at 17.05 cents in October sugar futures would strengthen the bulls and create a buying opportunity with an upside price target of 18.50 cents. Technical support is at 16.32 cents, providing a protective sell stop level for traders.

The Commodity Futures Trading Commission (CFTC) emphasizes the volatility and riskiness of futures trading. Traders should consider their financial experience, goals, and resources before investing in futures or options contracts. Understanding risk exposure and thoroughly reviewing risk disclosure documents are crucial before trading.

Read more at Yahoo Finance: How Bullish Is Sugar Here?