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Sugar price surpasses the target – Forecast today - 28-06-2024
Sugar price succeeded to achieve our waited target at 19.82$ and breached it strongly to settle above it, confirming opening the way to achieve more expected gains in the upcoming period, reminding you that our next targets begin at 20.55$ and extend to 21.35$.
Therefore, the bullish trend scenario will remain dominant on the intraday basis, noting that breaking 19.82$ will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 19.90$ support and 20.70$ resistance
Trend forecast: Bullish
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