NY 2nd Month Sugar Futures
NY sugar edged up on Tuesday, closing above the 10‑DMA at 17.12 and the 40‑DMA at 16.87 while again stalling beneath the 100‑DMA at 17.64. Momentum remains cautiously constructive: the MACD histogram stays marginally positive (Diff 0.008) and %K has turned up to 43.8, signalling renewed but still moderate buying interest. A daily close through 17.64 would confirm a bullish break and target 18.00, then 19.49. Failure to clear that barrier, however, would favour further range‑trading between 17.64 and the key floor at 16.64, with a drop below 16.64 exposing the June low.
Ldn 2nd Month Sugar Futures
London sugar futures firmed modestly on Tuesday, settling at 467.70 and reclaiming the 40 DMA at 467.11, though remaining just shy of the 10 DMA at 468.44. The short-term technical tone remains fragile, with the market consolidating above horizontal support at 464.00 but lacking follow-through buying interest. Stochastics are turning higher (%K at 40.0), suggesting potential for further upside, though still far from overbought territory. The MACD diff has narrowed to -0.5273, showing bearish momentum is easing but not yet neutral. A daily close above the 10 DMA would help reestablish upward traction and open the path towards 493.80 and the 100 DMA at 489.17. Conversely, failure to hold above 464.00 would reexpose 447.00 and the broader 434.30 floor. For now, the tone is cautiously neutral, with stabilising momentum indicators offering early signs of recovery, pending confirmation from price action.
NY 2nd Month Coffee Futures
Arabica slipped on Tuesday, settling at 289.75 under the 10‑DMA at 296.56 and extending rejection from the 314.75 ceiling. The contract continues to trade beneath the falling 40‑DMA at 312.77 and 100‑DMA at 350.53, preserving the broader downward bias. MACD diffusion remains slightly positive (Diff 1.73) yet the line itself is still negative, while stochastics have rolled over (%K 44.1) – both hinting that the early‑July rebound is losing energy. Support sits at 286.50, with a break there opening 280.00 and the June trough at 275.00. Bulls need a decisive close back above 300.00 then 314.75 to shift the near‑term narrative.
Ldn 2nd Month Coffee Futures
London robusta futures edged slightly higher on Tuesday, closing at 3290 and continuing to hover just above critical horizontal support at 3287. The contract remains capped beneath all major moving averages, with the 10 DMA at 3304 and the 40 DMA far above at 3708, reinforcing the broader downward bias. Stochastics are beginning to turn higher from oversold territory (%K at 32.5), suggesting a tentative recovery may be building. The MACD diff has narrowed to -176.8 and is steadily converging, indicating that bearish momentum is gradually waning. A sustained push above the 10 DMA would offer the first signal of a short-term base and open the way toward 3430 and 3700. Failure to hold above 3287, however, would maintain the bearish structure and raise the risk of a fresh leg lower toward the psychological 3000 level. With early signs of stabilisation emerging but trend signals still negative, price action in the coming sessions will be key to determining direction.
NY 2nd Month Cocoa Futures
NY cocoa eased to 7509 on Tuesday, slipping back towards the 10‑DMA at 7441 yet holding comfortably above initial support at 7336. The July rebound therefore remains intact, though momentum is beginning to plateau: the MACD histogram has narrowed to 26.6 and %K has levelled off at 57.6. Resistance is still defined by 7736, ahead of the heavier 40‑DMA at 8406. A close through 7736 would keep the recovery alive and target 8000–8100; inability to do so risks renewed pressure on 7336 and, below, the key 6720 floor. For now the market is stabilising, but a clear catalyst is required for a sustained upside extension.
Ldn 2nd Month Cocoa Futures
London cocoa futures retreated to 5302 on Tuesday after encountering resistance near 5359 and pausing beneath the 10 DMA at 5168. Despite the red candle, the contract remains well above the recent 5000–5100 congestion zone, keeping recovery prospects alive. Stochastics remain elevated (%K at 77.2) but have yet to cross lower, implying the rally may be pausing rather than reversing. The MACD diff remains negative but has narrowed to -56.9, signalling bearish momentum is fading. A close above 5359 would confirm a short-term bottom at 4880 and open upside potential toward the 40 DMA at 5710 and horizontal resistance at 6518. A move back below 5100, however, would weaken the rebound narrative and risk a return to 4880. While momentum indicators suggest recovery potential, bulls must clear 5359 to shift the near-term structure convincingly higher.
