NY 2nd Month Sugar Futures
NY sugar closed lower on Friday at 16.78, posting a third consecutive red candle and slipping beneath the 10-DMA at 16.99. Even so, the contract continues to trade above the 40-DMA at 16.86 and horizontal support at 16.64. Near-term momentum has turned negative: the MACD histogram has slipped marginally into the red (diff –0.02) and stochastics have rolled over, with %K down to 31. The 100-DMA at 17.60 remains the key topside barrier; only a daily close above that level would revive bullish prospects and reopen 18.00 and 19.49. While prices hold above 16.64, the market is likely to oscillate within a 16.64–17.60 range, but a decisive break beneath 16.64 would confirm that the July rebound has failed and reexpose the June low.
Ldn 2nd Month Sugar Futures
London sugar futures closed at 457.50 on Friday, extending the recent slide and ending below both the 10-DMA at 463.67 and the 40-DMA at 466.88. The contract is now testing minor chart support around 457.00; should this level give way, attention would turn to the 447.00 spike low and the long-term floor at 434.30. Momentum signals remain negative: the MACD line is firmly sub-zero and still widening against its signal line, while stochastics continue to fall, with %K slipping into the low-20s. Only a recovery through 464.00, and ultimately a daily close above the 100-DMA at 487.79, would suggest a short-term base is forming. Until then the bias stays lower, with rallies likely to attract selling pressure.
NY 2nd Month Coffee Futures
Arabica fell sharply on Friday, closing below the psychological 280.00 line and slipping well under the 10-DMA at 289.94. The contract remains capped by the 40-DMA at 308.49 and the 100-DMA at 347.51, keeping the broader structure decisively bearish. Momentum readings confirm the loss of traction: the MACD line is firmly negative at –8.19 while the histogram has begun to contract, and stochastics have rolled lower once more, with %K down deep in oversold territory at 24.2. Immediate support is flagged at the June trough of 272.00; a clear break would risk an extension towards 260.00. To steady the tone, prices must first reclaim 289.94 and then force a daily close back above 300.00; without such a recovery, rallies are likely to meet fresh selling into the descending short-term averages.
Ldn 2nd Month Coffee Futures
Robusta coffee settled at 3259, holding just above the 3241 platform that has contained downside tests since late June. Although the market remains capped by the 10-DMA at 3289 and well below the descending 40-DMA at 3629, momentum has begun to improve: the MACD histogram is marginally positive and stochastics have lifted out of oversold territory, with %K in the low-40s. A decisive close through 3289 would confirm an initial base and open a move towards 3356 and the 40-DMA, whereas a break beneath 3241 would negate the budding recovery and reexpose psychological support near 3000. For now, the tone is neutral-to-cautious while prices hold inside the 3241–3289 band.
NY 2nd Month Cocoa Futures
NY cocoa reversed lower on Friday, settling fractionally beneath the 10-DMA at 7567 and stalling the late-July recovery. The setback comes as stochastics roll over from overbought levels as %K has slipped to 68.6, while the MACD histogram has narrowed to +51, hinting that bullish momentum is fading. Key resistance remains at 7736; only a daily close through that level would reopen 8000 and then the 40-DMA at 8293. Failure to regain the 10-DMA would keep the contract vulnerable to renewed pressure on 7336; below there, the major 6720 floor is the next line of defence. In the near term the bias has turned neutral-to-soft, with consolidative trade expected unless buyers can quickly reclaim ground above 7736.
Ldn 2nd Month Cocoa Futures
London cocoa ended the week at 5384, retreating after another failure to clear overhead resistance at 5539. The contract still trades above the 10-DMA at 5311 but remains hemmed in by the flattening 40-DMA at 5628 and the 200-DMA at 6810, keeping the medium-term trend negative. Stochastics are rolling lower from overbought territory, and the MACD diff has started to contract even though the line stays deeply negative, signalling waning upside momentum. A daily close above 5539 is required to extend the rebound towards 5628 and then the 6518 congestion band; failure to regain ground quickly could see prices slip back towards the 5000–4889 support zone, with 4489 the next significant objective.
