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Sugar price confirms the break – Forecast today - 17-04-2024
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Sugar price confirms the break – Forecast today - 17-04-2024
Apr 16, 2024 10:07 PM

Sugar Price Analysis Expected Scenario Sugar price broke the 19.82$ level clearly and closed below it yesterday, reinforcing expectations of continuing the bearish trend. Further decline is anticipated on the intraday and short-term basis, with a next main target at 18.50$. The continuation of the bearish wave hinges on price stability below 19.82$. Breaching 19.82$ may prompt a recovery attempt towards 20.50$ initially, possibly extending to 21.35$. Expected Trading Range Between 19.00$ support and 19.75$ resistance.

Trend Forecast: Bearish

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