Sugar recently reversed up from the support area lying between the support level 13.20, support trendline of the daily up channel from October, lower daily Bollinger Band and 38.2% Fibonacci correction of the previous sharp upward impulse from November.
The upward reversal from this support area stopped the previous short-term impulse wave 3.
Sugar is likely to rise toward the next resistance level 13.60 (which reversed the previous impulse wave C in December).
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