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Sugar prices witnessed a surge in trading activity yesterday, marked by a return to test the EMA50, which has proven to be a resilient support level against price fluctuations.
As long as the price maintains its position above 21.35, our bullish perspective remains intact for the intraday period. We anticipate further positive momentum to aid in propelling the price towards our primary target set at 22.60.
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Today’s projected trading range is expected to oscillate between a supportive level of 21.70 and a resistance level of 22.50.
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Trend Forecast: Bullish
