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Sugar Price Maintains Support Amidst Bullish Momentum

by Jennifer

The current sugar price is fluctuating around the 26.74 level, demonstrating stability above this mark. Additionally, positive signals in stochastic indicators indicate a potential resumption of the anticipated bullish trend in the coming period. It’s crucial to note that the next target for this upward movement is set at 27.82.

A successful breach of the 27.00 level would facilitate the realization of the expected rise, while a break below 26.74 would signal a return to a corrective bearish trend.

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For today’s trading outlook, the expected range is between the support at 26.40 and the resistance at 27.30.

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Anticipated Trend for Today: Bullish

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