NY 2nd Month Sugar Futures
NY sugar futures rallied on Tuesday, settling at 18.36 and reclaiming the 18.00 level after hitting an intraday low of 17.79. The rebound brought the contract just above the 100 DMA at 18.23, suggesting short-term stabilisation. Prices also now sit near the 40 DMA at 18.24, with the 10 DMA trailing lower at 17.62, offering layered support on a pullback. Stochastics have risen sharply (%K at 67.43), exiting oversold territory and confirming growing upside momentum. The MACD diff remains negative but is converging, pointing to a potential shift in sentiment as bearish momentum continues to slow. A sustained close above 18.40 would open the way toward key resistance at 19.21 and 19.49. On the downside, 18.00 has turned into a pivotal support level, with further downside risk toward 17.62 and 17.20 if the rally falters. For now, the price action suggests the formation of a short-term base, with improving momentum indicators supporting the potential for continued recovery.
Ldn 2nd Month Sugar Futures
London sugar futures surged on Tuesday, closing at 502.50 and marking a sharp rebound from recent lows around 488.40. The contract has reclaimed ground above the 10 DMA at 486.46, and now tests the lower edge of resistance at 512.60, just beneath the 100 DMA at 509.32 and the 40 DMA at 510.77. This cluster of moving averages may act as a significant cap in the near term. Stochastics have risen to %K 59.67, building on momentum from recent oversold levels and confirming that downside pressure has eased. The MACD diff, while still negative at -2.06, is gradually converging, pointing to a softening in bearish momentum. A close above 512.60 would confirm a break higher and bring 519.00 and 540.20 into view. On the downside, immediate support is now seen at 493.80, with a move below exposing 486.50 and 464.00. The bounce above key short-term levels and improving technical indicators suggest a tentative bullish bias, though further confirmation above clustered resistance is still needed.
NY 2nd Month Coffee Futures
NY coffee futures edged higher on Tuesday, settling at 375.70 after recovering from a session low of 367.05. The contract remains capped below short-term resistance at 381.40 and continues to trade under the 10 DMA (385.68) and 40 DMA (378.34), indicating limited upside traction for now. However, the 100 DMA at 367.62 continues to offer support, with recent price action consolidating above this key level. Stochastics have turned lower (%K at 19.52), slipping back toward oversold territory, suggesting that the recent rally may be losing steam. The MACD diff remains negative and is starting to flatten, pointing to a potential stabilisation in bearish momentum. A break above 381.40 would improve the outlook and target resistance at 400.00 and 407.90. Conversely, a close below the 100 DMA would weaken the structure and expose downside risk toward 350.00 and the broader support zone near 314.75. For now, price action remains rangebound with momentum indicators showing signs of hesitation near key moving averages.
Ldn 2nd Month Coffee Futures
London coffee futures settled at 3253.67 on Tuesday, reversing part of last week’s decline as the contract held above the 40 DMA at 3197.12. The 10 DMA at 3301.96 now forms the initial upside barrier, with a decisive close above needed to resume the broader uptrend. The 100 DMA remains well below at 2960.59, confirming that the longer-term structure is still intact. Stochastics are softening but remain above oversold levels (%K at 34.52), hinting that downside momentum is present but not yet dominant. Meanwhile, the MACD diff has turned lower, with early signs of divergence suggesting that the previous bullish momentum is fading. A close below the 40 DMA would reinforce downside risk toward 3100 and potentially the March low near 2960. On the upside, a move back above 3300 would relieve immediate pressure and re-open the path toward the recent high at 3400 and beyond. Momentum is currently weakening, and the price is at risk of slipping lower unless support at the 40 DMA continues to hold.
NY 2nd Month Cocoa Futures
NY cocoa futures surged on Tuesday, closing at 9943 and extending their breakout above the 100 DMA at 8472 and the 40 DMA at 8536. The move confirms a bullish shift in structure, with the contract also clearing the 10 DMA at 9044 and holding above former resistance at 9542. Momentum has strengthened sharply—stochastics are rising and nearing overbought territory (%K at 74.42), while the MACD diff has widened positively to 78.09, confirming a strong acceleration in upward momentum. A sustained hold above 9542 would reinforce bullish conviction and open the path toward 10779 and the previous high at 12193. On the downside, initial support lies at 9044, with a break back below risking a move toward the 100 DMA. The broader trend has turned decisively higher, with technical indicators confirming bullish continuation unless gains become overextended.
Ldn 2nd Month Cocoa Futures
London cocoa futures rallied on Tuesday, settling at 7069 and extending their advance through the 40 DMA at 6295 and the 200 DMA at 6559. The contract also cleared the 100 DMA at 6758 and now trades just below resistance at 7348, marking a key level for further upside validation. Stochastics are rising rapidly (%K at 78.88), suggesting increasing bullish momentum, though overbought territory is now in view. The MACD diff has surged to 82.34 and continues to widen, confirming strengthening upside pressure. A breakout above 7348 would open the door toward 7820 and 8294. On the downside, initial support is seen at the 100 DMA near 6758, followed by the 40 DMA. Overall, price action signals a renewed uptrend, supported by robust momentum and a bullish shift in moving average alignment.
