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Technical Analysis: ICE raw sugar prices successfully broke through this target level of 19.82
Analysts at Economies.com's latest view today: Yesterday, the ICE sugar price successfully reached our expected target of 19.82 and strongly broke through this level, closing above it, confirming the path for further upward movement in the next stage. The next target starts from 20.55 and extends to 21.35. Therefore, on an intraday trading basis, the bullish trend scenario will remain dominant. Please note that if it falls below 19.82, it will stop the expected rise and push the price to turn downwards. The expected trading range for today is between the 19.90 support level and the 20.70 resistance level.