NY 2nd Month Sugar Futures
NY sugar futures declined on Tuesday, giving up Monday gains and ending at 16.51. Price remains under clear downward pressure, sitting beneath every major moving average: the 10-day SMA at 16.82, the 40-day at 17.42 and the 100-day at 18.10. Momentum signals, however, are beginning to stabilise. Stochastics have turned higher from oversold, with %K at 23.7 edging above %D at 21.2, hinting that the recent bear leg may be running out of steam. The MACD histogram has just tipped fractionally positive, suggesting downside momentum is flattening out. To shift the near-term tone, the market needs a daily close back above the 10-day average; that would open a recovery window toward the 40-day SMA and the psychological 18.00 barrier. Should prices slip decisively beneath 16.50-16.64 instead, the next objective lies at 16. For the moment, deeply oversold oscillators point to potential consolidation or a corrective bounce, but the broader trend stays soft while the contract trades below its short-term averages.
Ldn 2nd Month Sugar Futures
London sugar futures edged lower on Monday, settling at 460.70 after briefly bouncing from a fresh intraday low of 455.00. Despite probing below key support at 464.00, the market failed to hold gains and closed in the red, underscoring continued selling pressure. The contract remains below all key moving averages, with the 10 DMA at 463.89, the 40 DMA at 480.44, and the 100 DMA at 502.98 acting as overhead resistance. Stochastics are turning up from oversold territory, with %K at 36.79 and %D at 29.70, suggesting that downside momentum may be starting to fade. Meanwhile, the MACD diff remains negative but is gradually narrowing, pointing to early signs of flattening bearish momentum. A close back above the 10 DMA would be needed to confirm stabilisation and target a retest of 493.80. On the downside, sustained pressure below 464.00 keeps the recent low at 455.00 in focus, with further risk extending toward 440.00. While the broader structure remains bearish, momentum indicators are beginning to shift, raising the potential for consolidation near support.
NY 2nd Month Coffee Futures
NY coffee futures extended their retreat on Monday, settling at 332.45 with a red candle that nudged the market back onto the long-term up-trend line drawn from the September, March and late-May lows. The contract now trades beneath every major moving average: the 10-day SMA at 438.155, the 40-day at 367.81 and the 100-day at 375.33. Stochastics remain in oversold territory (%K around 21.3), but are beginning to turn higher toward %D, hinting that the latest down-leg may be losing traction. The MACD diff is still negative yet has narrowed for two consecutive sessions, signalling that bearish momentum is starting to flatten. Immediate resistance is the 10-day average; a daily close above it would target the 40-day SMA. Failure to hold the up-trend line, however, would expose deeper support around 315.00. While the broader bias is soft, oversold oscillators and proximity to trend support raise the risk of near-term consolidation or a corrective bounce.
Ldn 2nd Month Coffee Futures
London coffee futures extended losses on Monday, closing at 4155 and printing a red candle as the contract continued to retreat from the 4338 level. The move confirmed a fresh breakdown and left prices at their lowest close since mid-2023. The market remains firmly below all key moving averages, with the 10 DMA at 4314, the 40 DMA at 4843, and the 100 DMA at 5215, all sloping lower and reinforcing the prevailing bearish structure. Stochastics remain oversold but are beginning to flatten, with %K at 15.47 and %D at 19.47, suggesting that downward momentum may be losing strength as the contract approaches key psychological and historical support zones. The MACD diff is negative but narrowing slightly, indicating bearish pressure persists but is not deepening further for now. A decisive break below 4150 would open the door to further losses toward 4000 and beyond. On the upside, a close back above 4338 is needed to stabilise the structure and signal a potential retracement toward the 10 DMA. While the broader trend remains negative, oversold signals and minor easing in momentum hint at a possible near-term pause or consolidation phase.
NY 2nd Month Cocoa Futures
NY cocoa futures extended losses on Monday, closing at 9138 with a red candle that pulled the market further below the 10 DMA, now at 9214. The contract remains trapped within a consolidation range, with price action stalling just above the 200 DMA at 8749, which continues to offer structural support. The 40 DMA at 9283 is now converging with the 10 DMA, creating a short-term resistance band around 9200–9300. Stochastics are pointing lower, with %K slipping to 44.48, suggesting that short-term momentum is weakening again before reaching overbought territory. MACD diff remains negative and has widened modestly, reflecting a fresh uptick in bearish pressure. A break and close below the 200 DMA would shift focus to deeper support at 8734 and potentially the wider floor around 7336. On the upside, bulls need to reclaim the 10 and 40 DMAs to neutralise the bias and attempt a push toward 9542. For now, the structure is softening, and price risks tilting lower unless support holds and short-term momentum stabilises.
Ldn 2nd Month Cocoa Futures
London cocoa futures slipped on Monday, settling at 6224 with a red candle that extended the pullback from recent highs. The contract remains capped below all major moving averages, with the 10 DMA at 6405 and the 40 DMA at 6575 acting as near-term resistance. The 200 DMA at 6709 continues to define the upper boundary of the broader range, while prices hover just above the horizontal support at 6158. Stochastics have turned lower, with %K falling to 22.93, indicating a softening of momentum just above oversold territory. MACD diff remains negative and is widening modestly, suggesting bearish momentum is reasserting itself after last week's failed push higher. A break below 6158 would expose deeper support levels at 5359 and 4489.87. On the upside, a recovery through the 10 and 40 DMAs is needed to re-engage bullish interest and open the path toward 6518 and 7348. The near-term outlook is fragile, with momentum indicators weakening and the market vulnerable to further losses unless support holds and buyers return.
