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Sugar prices surged yesterday, surpassing the $19.23 mark and settling above it, effectively neutralizing the previous double top pattern’s negative impact. This move sets the stage for potential gains in the near term, with the next targets set at $19.60 and $20.04.
Today’s outlook remains bullish, provided the price holds above $19.23. A drop below this level could reverse the positive trend and prompt a decline.
The anticipated trading range for the day is between $19.00 and $19.70.
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