London's sugar market shifted in a narrow range on Tuesday either side of unchanged after Monday's speculative and fund-led sell-off, dealers said.
Front-month October closed just $0.1 higher at $233.5 a tonne on 2,575 lots after trading a $234.5-231.6 range, while December added $0.5 to $241.0 on 828 lots.
A total of 4,199 lots traded.
"There's good trade buying interest around, which has helped to keep us supported, but the market still seems vulnerable (to a further downturn). I would think a good break below 7.5 (cents a lb in New York) would bring us lower again," a trader said.
However, other dealers said the market was due to correct higher after Monday's heavy losses and that gains might be seen later this week.
Technicians had earlier predicted a day of consolidation for London whites after lowering support levels for the front-month contract to $225.0 and $220.0 from $236.7 previously.
Resistance, which held steady for several days at around $244.0, was cut to $240.0 after a wave of fund-selling on Monday dragged the market to levels not seen since early July.