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Sugar prices continue to climb, nearing the anticipated target of $23.90. Analysts suggest that the market may surpass this level, indicating potential for further gains in the long term.
The bullish trend is expected to persist in the upcoming period. However, a decline in prices could occur if the market breaks below the support level of $22.73, which would signal a shift in the current upward momentum.
Today’s trading range is projected between a support level of $23.20 and a resistance level of $24.00.
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