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Sugar prices have surged past the $21.55 mark, settling firmly above $22.00, indicating a strong bullish trend in the market for the intraday and short-term outlook. Analysts predict that prices may rise further, potentially reaching the next correction target of $22.73.
Market expectations suggest continued upward movement in the coming sessions. However, a drop below $21.55 could halt this bullish rally and lead to a price decline.
For today, the anticipated trading range is set between a support level of $21.85 and a resistance level at $22.73.
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