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Sugar price has made a clear breakthrough above the 26.74 level, moving closer to our initial target at 27.30. This reinforces our expectations for the continuation of the bullish trend, with the next target situated at 27.82.
The fact that the price is trading above the EMA50 supports the positive scenario we’ve outlined. This scenario will remain valid as long as the price does not break below 26.74 and maintain its position below this level.
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Today’s Expected Trading Range: 26.90 – 27.70
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Today’s Trend Outlook: Bullish
