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Sugar prices are currently showing a bearish trend, with a potential decline to $17.96. Analysts anticipate continued negative pressure that could push prices below this level, potentially reaching $17.35. The bearish trend is expected to persist unless prices breach $18.60, which could halt the downward momentum and trigger a short-term bullish correction.
Today’s trading range is projected between $17.70 for support and $18.35 for resistance.
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3 Things To Know Before Trading Sugar Futures