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Sugar prices have successfully breached the $22.73 mark, closing the daily candlestick above this level. This development strengthens expectations of a bullish trend in both intraday and short-term trading. The market has already reached the first extended target of $23.00, with analysts anticipating further increases, aiming for a subsequent target of $23.90.
Maintaining a price above $22.73 is crucial for the continuation of this upward trajectory and to prevent a potential decline.
Today’s expected trading range is set between $22.80 as support and $23.80 as resistance.
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