NY 2nd Month Sugar Futures
NY sugar futures slipped on Tuesday, settling at 16.85 and marking a fresh multi-month low. The contract remains under sustained pressure, trading well below key moving averages, with the 10 DMA at 17.04 and the 100 DMA at 18.12 acting as distant resistance levels. The 16.64 level remains the next support. Stochastics are rising slightly from oversold territory, with %K at 19.78, suggesting that downside momentum may be starting to taper off. MACD diff remains marginally negative at -0.036, but has flattened, reflecting a stabilisation in momentum. A break below 16.64 would expose 16.00 and 15.50 as potential next supports. Conversely, a close above the 10 DMA would indicate a loss of downside momentum and open the path toward 17.54 and 18.00. Overall, the trend remains soft, but oversold indicators and flattening MACD suggest a possible short-term base may be forming.
Ldn 2nd Month Sugar Futures
London sugar futures declined on Tuesday, closing at 463.40 after failing to hold onto the prior session’s bounce. The contract remains confined below all major moving averages, with the 10 DMA at 467.20 and the 40 DMA at 484.70 acting as immediate overhead resistance. The 100 DMA at 503.58 continues to define the broader bearish structure. Price action is now hovering just above the recent low of 457.80, a key level to watch. Stochastics remain in oversold territory, with %K at 21.98 and showing signs of flattening, which may suggest that downward pressure is beginning to stabilise. The MACD diff is negative at -0.49 but has narrowed slightly, indicating momentum to the downside is no longer accelerating. A close below 457.80 would confirm renewed weakness and open the path toward deeper supports near 440.00. On the upside, a recovery above the 10 DMA would be the first signal of short-term stabilisation, with further resistance at 484.70. While the broader trend remains soft, momentum indicators and price behaviour near support hint at a possible period of consolidation.
NY 2nd Month Coffee Futures
NY coffee futures declined sharply on Tuesday, settling at 353.05, reversing the previous session’s gains. The contract closed below both the 100 DMA at 374.70 and the 40 DMA at 370.91, indicating persistent downside pressure. The 10 DMA at 348.46 now acts as initial support. Despite the drop, stochastics continue to rise, with %K at 49.43, suggesting that downside momentum is fading and price may be stabilising near current levels. The MACD diff has turned marginally positive at 0.85 and is converging, signalling that bearish momentum is no longer intensifying. A close above the 100 DMA would be needed to reassert short-term recovery potential, targeting resistance at 381.40 and 407.90. On the downside, a break below the 10 DMA could test the recent trendline and deeper support around 314.75. While the broader trend is under pressure, improving momentum and a flattening MACD hint at possible near-term consolidation.
Ldn 2nd Month Coffee Futures
London coffee futures declined on Tuesday, closing at 4317, their weakest level since early November. Price action remains bearish, with the contract trading well below all major moving averages—10 DMA at 4420, 40 DMA at 4960, and 100 DMA at 5260. Stochastics remain oversold, with %K at 22.85, but are beginning to level out, indicating downside pressure may be tapering. The MACD diff, while still negative at -15.57, has flattened, suggesting bearish momentum is no longer accelerating. A close below the recent low at 4338 reinforces the bearish tone and opens the door to a test of 4200 or even the psychological 4000 level. Conversely, a recovery above the 10 DMA would help stabilise price and expose the 4664–4960 resistance band. For now, the trend remains negative, but indicators suggest downside momentum may be starting to fade near support.
NY 2nd Month Cocoa Futures
NY cocoa futures dropped sharply on Tuesday, settling at 9030 with a wide red candle that reflects a decisive rejection from resistance near 9542. The contract remains above the 200 DMA at 8716 and the 40 DMA at 9169, but has now slipped below the 10 DMA at 9148, reinforcing the short-term downside move. Stochastics are turning lower from mid-range levels, with %K at 51.38, signalling a loss of upside momentum. The MACD diff is still negative at -56.38 and widening slightly, pointing to a mild resurgence in bearish momentum. A close below the 40 DMA would expose the 200 DMA and the critical support zone around 8700. On the upside, a quick recovery above 9148 is needed to stabilise the picture and target renewed resistance at 9542. The broader structure still reflects consolidation, but Tuesday’s price rejection hints at renewed near-term pressure unless support levels hold.
Ldn 2nd Month Cocoa Futures
London cocoa futures declined on Tuesday, settling at 1060.82 after two strong sessions. Despite the red candle, price action remains bullish overall, with the contract well above all major moving averages: the 10 DMA at 1012.20, the 40 DMA at 977.79, and the 200 DMA at 986.08. This structure confirms a breakout above recent consolidation. Momentum indicators continue to support the upside bias. Stochastics are rising further into overbought territory, with %K at 77.13, showing strong upward momentum. MACD is holding firm at 21.61, with the diff at 7.67, indicating that bullish momentum remains in place, though some slowing cannot be ruled out after Tuesday's pullback. A break below the 10 DMA would be the first warning sign of a potential short-term pause or correction. On the upside, a close above Tuesday’s high would reassert the bullish trend and target further gains. For now, the market remains in a strong uptrend, with healthy momentum, but the latest session suggests the potential for near-term consolidation after an extended move.
