NY 2nd Month Sugar Futures
NY sugar futures extended their decline on Friday, settling at 16.86 after another red close. The contract continues to trade below all key moving averages, with the 10 DMA at 17.15 and the 100 DMA at 18.12 now well above the market, reinforcing a bearish short-term tone. Stochastics remain deeply oversold, with %K at 14.69, indicating the market is stretched to the downside and potentially nearing exhaustion. MACD diff remains negative at -0.0515 but is flattening slightly, suggesting that while momentum is still weak, it may be starting to stabilise. Immediate support rests near the recent low at 16.84, with a clear break exposing further downside toward 16.64 and then the longer-term floor at 16.00. A recovery back above 17.15 would ease the pressure and open the way for a retest of the 17.59–18.00 resistance band. Despite the downtrend, deeply oversold conditions may limit further downside in the very near term.
Ldn 2nd Month Sugar Futures
London sugar futures extended losses on Friday, settling at 462.30 after briefly dipping to a fresh low of 457.80. The weak close keeps the contract below the critical 464.00 support zone, reinforcing the prevailing bearish structure. Prices remain firmly capped by all major moving averages, with the 10 DMA at 469.89 and the 100 DMA at 503.87 continuing to weigh on any upside attempts. Stochastics remain oversold, with %K at 11.65, and are starting to flatten, suggesting downside momentum may be stabilising. Meanwhile, MACD diff remains negative at -11.19 but has narrowed slightly, indicating bearish pressure is easing modestly. A break below 457.80 would confirm continuation lower, opening the path toward 440.00. Conversely, a close above 470 would be the first signal of potential consolidation, with next resistance at 486.64 and 493.80. For now, the trend remains under pressure, though oversold momentum signals suggest the downside may be losing steam near current levels.
NY 2nd Month Coffee Futures
NY coffee futures pulled back slightly on Friday, closing at 355.45 and slipping from recent recovery highs. Despite the minor loss, the contract continues to consolidate above the 10 DMA at 349.03, suggesting some tentative support is forming above this short-term average. Price remains capped by the cluster of resistance between the 40 DMA at 370.48 and the 100 DMA at 374.01. Stochastics have lifted from oversold territory, with %K rising to 41.48, indicating diminishing downside momentum and an early sign of potential stabilisation. MACD diff remains negative but has flattened to -0.297, supporting the view that bearish pressure is slowing. A close above the 40 DMA would reinforce recovery prospects and open a path toward 381.40. On the downside, failure to hold the 10 DMA could lead to a retest of the 200 DMA at 340.09, followed by stronger support at 314.75. Overall, momentum signals are improving, but the trend remains fragile below the 100 DMA.
Ldn 2nd Month Coffee Futures
London coffee futures ended lower on Friday at 4339, snapping a brief rebound and testing the lower edge of recent support at 4338. The contract continues to trade below all key moving averages, with the 10 DMA at 4491 and the 100 DMA at 5270 well overhead. The inability to hold gains above the 10 DMA underscores ongoing downside pressure. However, stochastics are starting to stabilise, with %K rising to 18.29 from prior lows, suggesting selling momentum may be tapering. MACD diff remains negative at -32.06 but has narrowed slightly, showing signs of convergence. Immediate support remains at 4338; a close below this level would expose deeper downside toward 4040. To shift the tone, bulls would need to reclaim 4491, followed by a move above 4664. While the broader structure is bearish, oversold indicators and the formation of a possible base near key support may encourage near-term consolidation.
NY 2nd Month Cocoa Futures
NY cocoa futures firmed on Friday, settling at 9442 and extending their recent rebound above both the 10 DMA at 9150 and the 40 DMA at 9119. The green candle confirms an up-day, and the close above short-term moving averages reinforces near-term strength. The contract is now approaching resistance at 9542, with a break above this level needed to open the path toward the March high at 10779. Stochastics are firming, with %K rising to 43.30, suggesting momentum is building, though still below the 50 threshold. MACD diff remains negative at -62.81, but continues to converge, pointing to a slowdown in prior bearish pressure. On the downside, the 40 DMA and 200 DMA at 8701 offer strong layered support. The overall tone is improving, with price stabilising above key MAs and momentum indicators turning more constructive.
Ldn 2nd Month Cocoa Futures
London cocoa futures edged higher on Friday, closing at 6646 after finding support above the 40 DMA at 6504. The contract remains sandwiched between the 40 DMA and the 200 DMA at 6675, with the 10 DMA at 6428 now offering a cushion beneath. The green candle confirms a positive session and helps reinforce the case for a potential short-term base. Stochastics are rising from oversold territory, with %K at 33.08, signalling fading downside momentum. The MACD diff remains negative at -44.84 but is beginning to flatten, suggesting bearish pressure is tapering off. A decisive close above the 200 DMA would open the way toward 7083 and 7348. On the downside, a retreat below the 10 DMA would turn focus back toward 6518 and the deeper support zone around 5359. While the broader trend remains weak, recent price action and stabilising indicators point to an improving short-term tone.
