NY 2nd Month Sugar Futures
NY sugar futures were declined on Thursday, settling at 17.83 and holding just below the psychological 18.00 level. Despite recent attempts to recover, the contract remains under pressure beneath the 100 DMA at 18.23 and the 40 DMA at 18.17, which continue to cap upside attempts. The 10 DMA at 17.77 now acts as immediate support. Stochastics remain firm but are beginning to flatten (%K at 66.48), hinting that upward momentum may be stalling. Meanwhile, the MACD diff is slightly positive but flattening (0.0989), suggesting a pause in bullish momentum rather than a reversal. A close above 18.00 is still needed to reestablish short-term upside traction, with resistance at 19.21 and 19.49 beyond that. On the downside, a break below 17.62 would expose key support at 17.20 and the longer-term floor at 16.64. While the recent rebound remains intact, momentum is showing early signs of fatigue near resistance.
Ldn 2nd Month Sugar Futures
London sugar futures pulled back on Thursday, closing at 489.20 and failing to build on recent gains above the 10 DMA at 488.30. The contract remains capped below layered resistance at 493.80 and the cluster of moving averages above—40 DMA at 508.67 and 100 DMA at 508.99. Stochastics are rising but have started to slow (%K at 61.04), indicating that upward momentum is still present but may be fading. The MACD diff is still negative but gradually converging (-2.12), reflecting a tentative improvement in underlying momentum. A break above 493.80 would be the first sign of stabilisation, with firmer confirmation required above 512.60 to challenge the broader downtrend. On the downside, support holds at 486.00 and 464.00. While the structure remains fragile, improving stochastics and a flattening MACD suggest that pressure may be easing, though further gains are needed to shift sentiment decisively.
NY 2nd Month Coffee Futures
NY coffee futures increased on Thursday, 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 (381.18) and 40 DMA (377.478), indicating limited upside traction for now. However, the 100 DMA at 368.51 continues to offer support, with recent price action consolidating above this key level. Stochastics have turned lower, 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 3240.1 on Thursday, reversing Wednesday’s decline as the contract held above the 40 DMA at 3205.41. The 10 DMA at 3290.56 now forms the initial upside barrier, with a decisive close above needed to resume the broader uptrend. The 100 DMA remains well below at 2972.37, confirming that the longer-term structure is still intact. Stochastics are softening but remain above oversold levels (%K at 28.5), 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 Thursday, closing at 9820 and extending their breakout above the 100 DMA and the 40 DMA at 8625. 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 79.93), 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 increased on Thursday, settling at 7059 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.
