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Tuesday the Sugar Futures closed higher as an early dip in values was curbed
by trade buying, which allowed for a push towards Tuesday's high, late in the
session,
may have had something to do with the fire drill as well.
However the market continues to stay above the 5.00c levelm\, which bodes
well for the technicals.
My charts are showing a support at 502 to 485 l3v3ls, and an upside
resistance around 5.45 - 5.75.
I would wait for a breakout, although it is in a narrow trading range now.
This is not a reccomendation to trade, only my opinion.
All the best,
Jerry Donato
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