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Sugar prices have seen a positive shift, reaching the anticipated target of $20.04. Market experts suggest that a breach of this level could lead to further gains, potentially pushing prices to $20.76.
For the short-term and intraday outlook, a continued rise is expected. However, if prices fall below $19.60, it could halt the current bullish trend and introduce negative pressure.
Today’s trading range is projected between $19.65 as support and $20.40 as resistance.
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