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SUGAR – Sweet Spot at $15… Reversal Brewing?

Sugar has been trading within a clear bearish channel, but price is now hovering around a key psychological level.

As long as price holds above the $15 round number, we expect buyers to step in and gradually shift momentum to the upside.

However, for the bulls to fully take control, a break above the falling channel and the last major high marked in red is needed.

Until then, this remains a potential bottoming phase… not a confirmed reversal.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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