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Sugar prices have recently encountered downward pressure, testing the critical support level of $19.60. This situation calls for caution, as breaching this support could halt the anticipated bullish trend and lead to a decline in prices.
For the upward trend to continue, the price needs to gain positive momentum, surpassing the $20.04 mark. If this occurs, it could pave the way for a rally towards the next key target of $20.76.
Today’s expected trading range is between $19.35 (support) and $20.10 (resistance).
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