NY 2nd Month Sugar Futures
NY sugar futures declined on Friday, closing at 17.70 and extending their pullback after failing to sustain recent gains above the 18.00 level. The contract settled below the 10 DMA at 17.81 and remains capped beneath the 40 DMA at 18.12 and the 100 DMA at 18.23. This layered resistance continues to weigh on price action and reinforces the bearish tone. Stochastics have turned lower (%K at 57.7), suggesting that upside momentum is stalling. The MACD diff remains marginally positive but is beginning to flatten, indicating a potential loss of bullish momentum. A break below support at 17.5 would expose the recent floor at 17.25, with the longer-term base at 16.64 still intact. On the upside, a recovery above the 10 DMA and 18.00 would help stabilise the structure and open the way for a retest of 18.50. For now, the market remains under pressure, with short-term indicators showing signs of fatigue near resistance.
Ldn 2nd Month Sugar Futures
London sugar futures fell sharply on Friday, closing at 486.9 and reversing course after failing to break through resistance at 493.80. The contract is now back below the 10 DMA at 488.71 and remains well beneath both the 40 DMA at 507.14 and the 100 DMA at 508.76, keeping the broader trend biased to the downside. Stochastics have rolled over (%K at 54.29), hinting that the recent bounce is losing traction. Meanwhile, the MACD diff remains marginally positive but is narrowing, suggesting that bearish momentum is easing rather than reversing. Key support lies at 476, with a break below this level likely to expose the previous low at 464.00. A close back above 493.80 would be needed to neutralise downside pressure and shift the near-term bias back toward stabilisation. For now, momentum remains weak, and the inability to hold above short-term moving averages keeps the outlook cautious.
NY 2nd Month Coffee Futures
NY coffee futures fell on Friday, closing at 365.65 and marking a break below both the 10 DMA at 379.2 and the 40 DMA at 376.99. The contract is now testing support just above the 100 DMA at 368.97, a key level that may determine whether the broader structure can stabilise. Stochastics remain weak (%K at 18.386), drifting near oversold territory, suggesting downside momentum is still present but may begin to taper. The MACD diff is firmly negative and widening, indicating that bearish momentum is still building. A decisive close below the 100 DMA would expose downside targets toward 350 and the broader support zone near 340. On the upside, a recovery above 370 is needed to ease pressure and open the way back toward resistance at 381.40. For now, the structure remains under pressure, with short-term momentum still pointing lower.
Ldn 2nd Month Coffee Futures
London coffee futures closed lower on Friday at 4865, continuing to slide after failing to hold above the 5000 mark. The contract is now hovering just above the 4800 support level, with the 10 DMA at 5130 acting as near-term resistance. Stochastics have softened further (%K at 15.12), now sitting in the oversold territory, suggesting that while momentum is still negative, downside may be beginning to slow. The MACD diff remains deep in negative territory and continues to widen, confirming ongoing bearish momentum. A break below 4800 would open the way toward more substantial support around 4664. To stabilise the structure, futures would need to reclaim the 10 DMA and build a base above 5000. For now, price action reflects ongoing weakness, though oversold conditions could support some short-term consolidation around current levels
NY 2nd Month Cocoa Futures
NY cocoa futures extended their rally on Friday, closing at 10459 and marking a decisive break above key resistance at 10000. The move reinforces the recent bullish momentum and puts the contract within reach of the next upside target at 10779, with the Jan high of 11500 looming further ahead. Prices are now trading firmly above all key moving averages, with the 10 DMA providing dynamic support around 9414. Stochastics remain elevated (%K at 85.23), suggesting strong upward momentum but also signalling potential overbought conditions. MACD diff continues to rise, confirming the accelerating bullish tone. A close above 10779 would open the path toward 11000, while initial support is now seen at 10000 and the former resistance zone around 9542. The trend remains firmly higher, with momentum backing the continuation, though some near-term consolidation cannot be ruled out given stretched indicators.
Ldn 2nd Month Cocoa Futures
London cocoa futures surged higher on Friday, settling at 7451 and breaking through key resistance at 7348 to close at their highest level since February. The contract is now well above the 10, 40, and 100 DMAs, all of which are aligned to support the rally, with the 10 DMA now acting as the first layer of support near 6796. Stochastics are firmly in overbought territory (%K at 86.02), pointing to strong momentum, though suggesting prices may need to consolidate before extending gains further. MACD diff continues to widen to the upside, reinforcing the strength of the uptrend. The next resistance stands at 7820, with a break above this level likely to trigger a test of 8294. On the downside, initial support comes in at 7348 followed by the breakout zone at 7000. The broader structure remains bullish, with trend and momentum aligned, though overbought readings warrant vigilance for signs of near-term pause or pullback.
