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Sugar prices have experienced downward pressure in recent sessions, breaking below the key $21.55 support level. This move has sparked a bearish trend, with the price expected to continue declining towards the next targets of $20.75 and $20.08.
Analysts predict further declines in the upcoming sessions, with the $21.55 level now acting as a critical resistance. A rebound above this threshold could reverse the current negative momentum and initiate a recovery in prices.
The expected trading range for today is between the support level of $20.65 and the resistance at $21.50.
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