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Sugar prices experienced a notable dip yesterday, falling to $19.23 before a strong rebound lifted them back above the $19.60 mark. This recovery maintains the bullish trend, with an initial target of $20.04. A breach of this level could push prices to $20.76 in the near term. Positive stochastic indicators further support this upward momentum. However, if prices fall below $19.60, and subsequently $19.23, the bullish outlook may be negated, potentially leading to a decline.
Today’s trading range is projected between $19.35 and $20.10.
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