Sugar's strong showing in the last few trading sessions has initiated a major technical breakout from a long developing Falling Wedge chart pattern, shown here on the 240-minute time interval. This Falling Wedge scores high markets in regards to overall Quality, Initial Trend, Uniformity, and Clarity, as indicated by the Autochartist platform.

The breakout as well shows strong signs of potential for continued momentum to the upside. After a minor pullback towards the wedge's upper resistance level, the market gained solid footing and appears on track to test the forecast range. This projects the price of nearby Sugar futures to reach a minimum of 33.63 cents per pound, with a higher push to 36.88 possible as well.

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