NY 2nd Month Sugar Futures
NY sugar futures settled at 17.92 on Friday, pulling back after failing to hold gains above the 18.00 level. The contract remains below all major moving averages, with the 10 DMA at 17.54, 40 DMA at 18.30, and 100 DMA at 18.25 acting as resistance. Stochastics have turned lower again, with %K at 21.63, suggesting that downside momentum may be resuming. The MACD diff is negative and beginning to widen, confirming a softening tone. A close below the recent swing low at 17.20 would expose 16.64 as the next key support. On the upside, a recovery through 18.00 would be needed to stabilise the structure and target the 40 DMA. With momentum indicators weakening and the broader trend pointing lower, risks remain tilted to the downside unless prices can reclaim higher ground.
Ldn 2nd Month Sugar Futures
London sugar futures settled at 492.20 on Friday, posting a rebound that brought the contract back toward resistance at 493.80. The market remains below key moving averages, with the 10 DMA at 487.18 and the 40 DMA at 511.99 capping the upside, while the 100 DMA at 509.87 continues to mark the broader bearish trend. Stochastics are lifting from oversold territory (%K at 34.08), suggesting that downside pressure is easing and a near-term stabilisation may be underway. The MACD diff remains negative but is beginning to converge, reinforcing the view of slowing bearish momentum. A close above 493.80 would be the first sign of a potential recovery, opening the path toward 512.60 and 519.00. Failure to hold above 486 would expose the contract to renewed selling and a retest of support at 464.00. For now, momentum indicators suggest a tentative base is forming, but bulls need follow-through above resistance to shift sentiment more decisively.
NY 2nd Month Coffee Futures
NY coffee futures settled at 387.75 on Friday, gaining for the second consecutive session but failing to break through resistance at 393.10. The contract remains capped by the 10 DMA at 391.80, while staying well above the 40 DMA at 374.50 and the 100 DMA at 365.58, preserving a broadly constructive medium-term outlook. The stochastics indicator shows signs of turning lower from recent highs, suggesting that bullish momentum is beginning to wane. The MACD remains positive but is showing signs of convergence, pointing to a potential loss of upward drive. A close above 393.10 would be needed to reignite upside momentum and open the way toward 407.90. On the downside, support lies at 381.40, followed by the 40 DMA at 374.50. While the broader trend remains firm, the rejection below the 10 DMA and softening momentum indicators suggest a possible period of near-term consolidation.
Ldn 2nd Month Coffee Futures
London coffee futures settled at 5226 on Friday, closing lower for the second straight session and remaining under pressure after failing to sustain the midweek rally above 5300. The contract continues to trade below all key moving averages, with the 10 DMA at 5290 and the 40 DMA at 5307 capping upside attempts and reinforcing near-term bearish control. Stochastics have turned lower, with %K falling to 35.29 and crossing below %D at 42.41, suggesting that momentum is weakening further. The MACD remains marginally positive but shows signs of convergence, indicating a loss of directional conviction. A close above 5369 is needed to restore bullish intent and open the way toward 5569. On the downside, immediate support lies at 5000, with a break below this level exposing 4664. The broader structure remains vulnerable, with softening momentum and failure at resistance keeping the bias tilted to the downside in the near term.
NY 2nd Month Cocoa Futures
NY cocoa futures settled at 9187 on Friday, advancing after Thursday's losses and closing above the 10 DMA at 8924 for the first time in almost two weeks. The contract continues to hold well above the 40 DMA at 8453, reinforcing a constructive medium-term structure and suggesting that the recent correction may be stabilising. Stochastics are rising, with %K at 62.97 and crossing above %D at 57.02, indicating building upside momentum. The MACD diff is positive and widening, reflecting growing bullish pressure. A close above near-term resistance at 9274 would confirm the resumption of the broader uptrend and expose the recent high at 9542. On the downside, support is now established at the 10 DMA, followed by stronger structural support at the 40 DMA. With momentum indicators firming and price action reclaiming key moving averages, the short-term bias has shifted decisively back to the upside.
Ldn 2nd Month Cocoa Futures
London cocoa futures settled at 6593 on Friday, rising after Thursday's losses and closing firmly above both the 10 DMA at 6459 and the 40 DMA at 6273, reinforcing a bullish near-term structure. The contract continues to recover from the recent correction, with upside momentum gaining traction. Stochastics are trending higher, with %K at 72.67 and holding above %D at 71.75, signalling firm bullish momentum as the indicators approach overbought territory. The MACD diff is positive and widening, confirming the upward bias. A close above resistance at 6614 would open the way for a retest of the psychological 7000 level. On the downside, immediate support lies at the 10 DMA, followed by the 40 DMA, which has now flattened and may act as a secondary floor. With price action reclaiming moving averages and momentum indicators pointing higher, the bias remains to the upside in the near term.
