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Sugar prices experienced additional positive trading yesterday; however, they are currently facing negative pressures due to declining momentum indicated by the stochastic indicator. Market analysts await a positive catalyst that could propel prices higher, with a target of $23.90 as the next significant resistance level.
The bullish trend remains valid and active as long as prices do not break below $22.73 and close daily under this level.
For today’s trading session, the expected range is set between $22.90 as support and $23.80 as resistance.
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