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Today, July 17, 2024 – Sugar prices have encountered a significant barrier at $19.82. To confirm the continuation of the bullish wave on an intraday basis, it is essential for prices to breach this level. The next targets are set at $20.35 and subsequently $20.80.
Despite potential negative fluctuations due to stochastic indicators, the overall bullish wave is expected to continue as long as prices remain above $19.25.
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Today’s anticipated trading range is between support at $19.40 and resistance at $20.20.
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Trend Forecast: Bullish
