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In recent trading sessions, sugar prices have demonstrated a significant downward trend, falling to the anticipated level of $17.96. The market appears poised to breach this threshold, potentially driving prices down further to targets around $17.35.
Investors should prepare for additional declines in both intraday and short-term forecasts. However, should the price fail to drop below $17.96, a reversal may occur, leading to an initial target of $19.20.
For today, the expected trading range is between a support level of $17.80 and a resistance level of $18.50.
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