NY 2nd Month Sugar Futures
NY sugar futures firmed modestly on Friday, finishing at 16.71 after eking out a small gain from mid-week lows. The contract is still pinned beneath every key moving average: the 10-day line now sits almost level with price near 16.56, while the 40-DMA hovers around 17.19 and the 100-DMA remains up at 18.00. Stochastics have crept out of oversold territory (%K about 41), signalling that downside momentum is easing rather than accelerating. The MACD histogram has edged into marginally positive territory for the first time in a fortnight, suggesting the recent bear trend is flattening. A daily close back above the 10-DMA would open scope for a recovery towards 17.00–17.20, though a heavier hurdle waits at the 40-DMA. Failure to clear these averages would keep the focus on support at 16.64, with a break there exposing the psychological 16.00 level.
Ldn 2nd Month Sugar Futures
London sugar reversed higher on Friday, settling near 474 after bouncing smartly from the cluster of lows around 454 earlier in the week. The rebound carried prices back through the 10-DMA (about 466) and to the cusp of the 40-DMA at 475, while the 100-DMA remains distant near 500. Stochastics have vaulted into overbought territory (%K above 72), hinting that the rally may soon pause for breath. The MACD diff has turned positive for the first time since March and is widening gently, pointing to improving short-term momentum. A decisive close above the 40-DMA would confirm the break and bring the 493.80/503 resistance band into view. If the price stalls, initial support is now the 10-DMA, followed by the recent low at 454.
NY 2nd Month Coffee Futures
NY coffee futures slipped on Friday to finish around 303.75, keeping the market below the long-running up-trend line that had provided support for much of the past year. The contract remains capped by the 10-DMA at roughly 321, with the 40-DMA up at 353 and the 100-DMA near 372. Stochastics are still subdued (%K in the low teens), but the indicator has begun to hook higher, hinting at exhaustion in the recent slide. The MACD diff is firmly negative yet the bars are shortening, showing bearish pressure is starting to plateau. A recovery through the 10-DMA would be the first sign of basing, targeting 314.75 and then the 40-DMA/381 zone. Until then, a break beneath last week’s low would expose the broader support band around 290–300.
Ldn 2nd Month Coffee Futures
London coffee extended its bounce on Friday, closing at 3661 and notching a third straight up-day from the twenty-month low posted on Tuesday. Even so, the contract is still a long way below the 10-DMA (about 3830) and remains capped by heavier resistance at the 40- and 100-DMAs of 4520 and 5060 respectively. Stochastics have lifted from single-digits to the mid-teens, showing early signs of stabilisation, while the MACD diff continues to contract, implying the down-move is losing steam. A daily close above the 10-DMA would confirm a short-term base and allow a move towards 3830–4030. Conversely, failure to consolidate the rebound would see focus return to the recent trough in the 3500–3600 region.
NY 2nd Month Cocoa Futures
NY cocoa edged lower on Friday to close just below 8920, slipping back under the 40-DMA at 9225 yet holding on to support at the 200-DMA around 8800. The 10-DMA, now at 8830, is providing an initial cushion, and the contract continues to move broadly sideways after May’s sharp pull-back. Stochastics remain mid-range (%K near 53) and flat, reflecting a neutral momentum backdrop. The MACD diff is still negative but has narrowed markedly over the past week, indicating that bearish momentum is waning. A sustained push above the 40-DMA would shift the bias higher and bring the important 9542 resistance band into play. If the 200-DMA gives way, the next major supports lie at 8300 and 7336.
Ldn 2nd Month Cocoa Futures
London cocoa slipped fractionally on Friday, ending at 6017 and printing a red candle after two days of gains. Even with the minor pull-back, the market managed to retain a foothold above the 10-DMA (around 5960) and remains within striking distance of the 40-DMA near 6480, while the 200-DMA rests higher at 6730. Stochastics have continued to edge higher into the mid-forties, signalling improving short-term momentum. Meanwhile, the MACD diff is still negative but has moved closer to neutral, showing bearish pressure is easing. A decisive break through the 40-DMA would complete a short-term base and open a path towards 6518 and, beyond that, 7348. If prices fail to clear nearby resistance, initial support is the 10-DMA, followed by last week’s reaction low at 5359.
