NY 2nd Month Sugar Futures
NY sugar futures edged higher on Thursday, settling at 17.19, recovering modestly after Wednesday’s test of the recent low at 17.11. The contract remains in a bearish structure, with prices continuing to trade below the 10 DMA at 17.54 and the 100 DMA at 18.18. This keeps the near-term trend negative, though Thursday’s small green candle suggests some hesitation by sellers near support. Stochastics remain oversold, with %K at 15.55, indicating that downward momentum is stretched and conditions are ripe for potential stabilisation. MACD diff is still negative at -0.0434 but is no longer accelerating lower, suggesting that bearish momentum may be flattening. A decisive break below 17.11 would open the way toward 16.64, while a close above the 10 DMA would be the first sign of a recovery attempt. For now, the contract remains pressured, but oversold signals and stabilisation near support suggest downside may be slowing.
Ldn 2nd Month Sugar Futures
London sugar futures rebounded modestly on Thursday, closing at 470.70 after dipping to a fresh low at 467.30 earlier in the session. Although the red candle indicates intraday weakness—closing below the open—the contract still posted a higher close than the previous session. Prices remain under pressure, trading below all major moving averages, including the 10 DMA at 482.05 and the 100 DMA at 506.27. The intraday recovery hints at initial support around the 464.00 level, which held again. Stochastics are oversold, with %K at 13.64 and starting to flatten, pointing to waning downside momentum. MACD diff remains negative at -1.0324 but has narrowed slightly, suggesting that bearish momentum is no longer intensifying. A confirmed break below 464.00 would maintain the bearish trend and expose lower targets. A close back above the 10 DMA would be the first indication of stabilisation. While the overall trend remains soft, oversold conditions and price resilience at support increase the chances of short-term consolidation.
NY 2nd Month Coffee Futures
NY coffee futures extended losses on Thursday, closing at 345.60 after breaking below support near 350. The red candle and lower close confirm further downside pressure, with the contract now trading decisively below all key moving averages—the 10 DMA at 362.15, the 40 DMA at 372.42, and the 100 DMA at 372.27. Stochastics remain deeply oversold, with %K at 10.24 and %D at 14.20, reinforcing the possibility that prices are nearing exhaustion on the downside. However, no clear reversal signal has yet emerged. The MACD diff remains negative at -3.27 but has started to flatten, suggesting that bearish momentum could be stabilising. Immediate support lies near 340.00, with the rising trendline offering potential to cushion further declines. A break below this level would expose the March lows. On the upside, resistance is now layered at 362.15, with a close above the 10 DMA needed to signal any recovery. For now, the structure remains weak, but momentum indicators hint at an approaching inflection point.
Ldn 2nd Month Coffee Futures
London coffee futures slipped again on Thursday, settling at 4530 and notching a fresh multi-week low. The red candle confirms the continuation of the prevailing downtrend, with the contract closing well below all major moving averages—10 DMA at 4798, 40 DMA at 5108, and 100 DMA at 5305. The chart shows clear downside follow-through from the recent break of support at 4664. Stochastics remain oversold, with %K at 8.44 and %D at 11.40, though still pointing lower, which implies persistent selling pressure. Meanwhile, the MACD diff is still wide at -48.63 and not yet flattening, indicating that bearish momentum is still dominant. Key support is seen near 4500, followed by the March swing low around 4338. Any sign of recovery would require a close back above 4664 to signal short-term stabilisation. As it stands, the trend remains firmly negative, with oversold conditions yet to translate into technical relief.
NY 2nd Month Cocoa Futures
NY cocoa futures dropped sharply on Thursday, settling at 8602 after breaking below the 200 DMA at 8640. The close near the session low highlights intensifying downside pressure, as the contract also fell beneath the 40 DMA at 9009. The next key support sits around 8500, with the recent selloff undermining the short-term structure. Stochastics have declined further, with %K falling to 19.65, entering oversold territory and potentially nearing exhaustion. Meanwhile, the MACD diff has turned more negative at -150.08, with widening separation suggesting that bearish momentum is increasing. Any stabilisation would first require reclaiming the 200 DMA and then challenging the 10 DMA near 9720. As it stands, the break of key moving averages leaves the trend vulnerable to further downside unless oversold momentum begins to flatten in the days ahead.
Ldn 2nd Month Cocoa Futures
London cocoa futures fell sharply again on Thursday, closing at 6151 and marking a decisive break below both the 200 DMA at 6644 and the 40 DMA at 6497. This fresh low continues the downtrend from mid-May, confirming bearish control and exposing next support at the March low near 5779. The stochastics are in oversold territory with %K at 19.05, suggesting selling may begin to taper off soon, particularly near the 6000 psychological level. MACD diff remains deeply negative at -101.22 and is widening, pointing to sustained bearish momentum for now. Resistance is layered at 6518 and the 10 DMA at 6930, with a close back above these levels required to suggest any meaningful recovery. While oversold conditions could eventually limit further downside, current signals confirm that momentum remains firmly negative into the end of the week.
