NY 2nd Month Sugar Futures
NY sugar futures drifted lower on Friday, settling at 16.93 and closing back below the 10 DMA at 17.11, signalling a loss of short-term momentum. The contract continues to find support above the key horizontal level at 16.64, while the 40 DMA at 16.87 flattens just beneath price action. Stochastics have rolled over (%K at 38.0), indicating fading upward momentum, and the MACD diff has flattened near neutral at 0.0025. The 100 DMA at 17.65 remains the key resistance level, with a break above needed to reignite bullish sentiment and open the way toward 18.00 and 19.49. A close below 16.64 would expose the June lows and mark a failure of the July recovery. With momentum indicators turning lower and price failing to clear overhead resistance, the near-term tone has softened, favouring consolidation within the 16.64–17.65 range.
Ldn 2nd Month Sugar Futures
London sugar futures slipped on Friday, closing at 462.80 and marking a clean break back below both the 10 DMA at 469.96 and the 40 DMA at 467.20. The failure to hold above the short-term averages weakens the recent recovery tone and places the market back within the 464–447.00 congestion band. Stochastics have rolled lower (%K at 36.0), reinforcing the loss of upward momentum. Meanwhile, the MACD diff has dipped to -0.78, turning more negative and confirming that bullish pressure is fading. Immediate support lies at 464.00, with a break there opening the way toward the June low at 447.00. To stabilise, prices would need to reclaim 470 and break through resistance at 493.80. For now, the path of least resistance has turned lower again, with softening momentum indicators and failure to hold key short-term averages pointing to further consolidation or weakness near term.
NY 2nd Month Coffee Futures
NY arabica futures fell sharply on Friday, settling at 290.45 and posting a wide red candle after rejecting resistance at the 10 DMA (298.04). The contract remains capped by the 40 DMA at 315.30 and has failed to establish a base above the psychological 300 level. Stochastics are turning lower (%K at 48.5), and the MACD diff, although still positive at 2.05, has started to flatten, indicating that recent upside momentum is losing strength. A break below 286.50 would confirm a fresh leg lower and expose the June low near 275. To regain upward traction, the market needs a decisive close back above 300 and through 314.75. For now, the tone has turned neutral to weak, with the failure to build on early-July gains pointing to a resumption of sideways or corrective pressure.
Ldn 2nd Month Coffee Futures
London robusta futures retreated on Friday, settling at 3228 after failing to build on Thursday’s modest bounce. The contract continues to struggle beneath the 10 DMA at 3337, keeping near-term signals bearish. Stochastics are turning sideways near the lower band (%K at 27.2), showing little follow-through from last week’s oversold recovery. The MACD diff remains positive at 23.3 but has flattened, suggesting bullish momentum is stalling before a more meaningful shift can occur. The broader trend remains firmly negative while prices trade below the 40 DMA at 3762 and the 100 DMA at 4634. Initial support holds at 3241, with a daily close beneath exposing the July low near 3180. A close above 3337 would be the first step in rebuilding a short-term base, though broader resistance lies at 3411 and 3664. Until momentum re-engages, the outlook remains vulnerable to fresh tests of the downside.
NY 2nd Month Cocoa Futures
NY cocoa futures edged higher on Friday, closing at 7557 and maintaining a cautiously constructive tone after rebounding from the 6720 floor earlier this month. The contract is now hovering just above the 10 DMA at 7538 but remains capped by the 40 DMA at 8471 and the 200 DMA at 8935. Stochastics are ticking higher (%K at 45.6), while the MACD diff has narrowed slightly to -1.66, suggesting bearish momentum is fading but not fully reversed. A daily close above 7736 is needed to confirm a continuation of the recovery and target resistance levels at 8000 and 8471. On the downside, support lies at 7336, followed by the critical 6720 floor. For now, price action and indicators imply stabilisation, but a decisive break higher is required to shift sentiment convincingly to the upside.
Ldn 2nd Month Cocoa Futures
London cocoa futures edged higher on Friday, closing at 5300 and posting yet another gain to extend the rebound from the July low at 4489.87. The contract now sits just above the 10 DMA at 5155 but remains well below the 40 DMA at 5758 and the 200 DMA at 6803, keeping the broader structure negative. Stochastics are climbing into neutral territory (%K at 68.2), while the MACD diff has strengthened to 41.2, confirming that downside momentum has dissipated and been replaced by emerging bullish pressure. Immediate resistance is seen at 5359; a clear break would confirm a short-term base and expose 5758. On the downside, support now lies at 5155, followed by the 5000 round number and the July low. While medium-term moving averages remain unfavourable, the recovery continues to gain traction and a close above 5359 would further shift sentiment toward a corrective rally.
