Group 1 - The core viewpoint of the article indicates that raw sugar prices have rebounded due to short sellers covering their positions, with the March contract closing at 14.50 cents, maintaining support despite previous downward pressure [1] - The focus is now on the resistance level at 15.30 cents, where a successful breach could indicate a depletion of buying momentum [1] - Domestic spot markets remain weak, with overall trading activity being low, suggesting that some inventory is being used to fill supply gaps, influenced by the realization of profits from futures-spot arbitrage [1] Group 2 - In the Liuzhou market, the contract for 26013 experienced increased volatility and trading volume, with the closing price around 5340, indicating that sellers are reducing positions while referencing strong resistance [1] - The market is currently in a range-bound phase, with expectations of a potential pullback after any upward movement [1] - The 2601 sugar futures contract saw a rebound amid reduced positions, with the hourly level approaching a significant resistance at 5380, and attention is now on the strength of the rebound at the minute level [1]

Core Viewpoint - Raw sugar is experiencing fluctuations without significant driving factors, with the March contract showing signs of support at 14.80 cents, indicating some short positions are being covered [1] Market Analysis - Domestic spot prices have entered a phase of slight differentiation after a continuous decline, potentially due to expectations of policy protection, leading sellers in the wholesale market to buy back, resulting in a short-term halt in price drops [1] - In the Liuzhou market, the 26013 order contract formed a doji candlestick pattern with slightly increased trading volume, indicating strong resistance at 5340, as the total order volume is increasing, suggesting active selling by sellers [1] - Despite a price discount of 100 (using Liuzhou as an example), current spot transactions are poor, and with profits under pressure, the necessity to reduce inventory in the wholesale market is evident [1] Technical Indicators - The 2601 sugar contract formed a bullish candlestick with a low open and high close, leading to a buying signal at 5302, prompting a shift from short to long positions [1] - The upcoming test will be whether this buying momentum can lead to a second buying opportunity at 5340; failure to do so may indicate strong resistance, resulting in a range-bound movement between 5320 and 5350 [1]

Group 1 - Raw sugar has rebounded from a five-week decline, with attention on the 15-cent resistance level this week. If this resistance holds, it may indicate a short-term exhaustion of short positions, leading to a potential pullback towards the 14.70-cent support level [1] - The domestic market is currently weak as old sugar needs to be digested before new sugar enters the market. Prices are not high enough to encourage downstream replenishment, resulting in a continued consolidation phase [1] - The market in Liuzhou shows a cautious trading environment, with the contract displaying four consecutive doji candlesticks after a low of 5426, indicating indecision among buyers and sellers [1] Group 2 - The 2601 sugar futures contract shows a high and then a pullback, forming a shooting star pattern on the weekly chart, with 5460 as a key support level to watch [2] - Short-term indicators suggest a potential for oscillation within the range of 5460 to 5504, indicating a cautious trading approach [2]