NY 2nd Month Sugar Futures
NY sugar closed at 16.78 on Tuesday, slipping beneath both the 10-DMA (16.99) and the 40-DMA (16.86) and edging closer to the key floor at 16.64. Momentum has softened further: the MACD histogram has turned marginally negative and the slow stochastics have rolled lower (%K 31), pointing to waning upside pressure. Unless the contract can swiftly regain the 10-DMA, the bias will stay defensive, with any sustained break of 16.64 likely to trigger a move towards the June low around 16.20. A recovery through 16.99 would steady the tone, yet a close above the 100-DMA at 17.60 is still required to revive a more constructive outlook and re-open the 18.00–19.50 corridor.
Ldn 2nd Month Sugar Futures
London sugar closed at 457.50 on Tuesday, slipping decisively beneath the 464.00 pivot that had propped up prices since early July. The break leaves the contract lodged under every key moving average: the 10-DMA at 463.67, the 40-DMA at 466.88 and the 100-DMA at 487.79, and tilts near-term risk lower. Momentum confirms the deterioration: the MACD histogram has swung deeper into negative territory and slow stochastics have rolled over again with %K down at 24, keeping bearish pressure alive. Unless the market can reclaim 464.00 and, shortly after, the 10-DMA, traders are likely to focus on the next support band at 447.00-434.30, a break of which would expose the March trough near 420.00. Only a close back above the converging 10- and 40-DMAs would steady the tone and allow a fresh test of the 493.80/519.00 resistance corridor.
NY 2nd Month Coffee Futures
Arabica coffee finished at 277.55, unable to reclaim the 10-DMA at 289.94 and leaving prices adrift of the wider 300.00–308.50 resistance band. The MACD lines have flattened and the histogram is now slightly positive, hinting at tentative basing attempts, while the stochastics have started to lift from oversold territory (%K 24). Even so, the broader down-trend from April remains intact while the market trades below the 40-DMA (308.50). A daily close back over the 10-DMA would confirm support at last week’s 272.00 low and allow another test of 300.00, beyond which the 40-DMA comes into view. Failure to hold above 272.00 would expose 260.00 and leave the bears firmly in charge.
Ldn 2nd Month Coffee Futures
Robusta coffee finished at 3 259, a modest dip that nevertheless held just above the reaction low and psychological support at 3 241.00. While the trend from April remains negative, confirmed by price action sitting well below the 40-DMA at 3 629 and the 100-DMA at 4 525, short-term signals hint at tentative basing. The MACD lines continue to converge and the histogram has edged further into positive territory, while slow stochastics have turned higher from oversold levels with %K now at 42. A daily close through the 10-DMA (3 289) would confirm a near-term floor and open the way toward resistance at 3 338, then 3 664. Failure to defend 3 241, however, would negate the budding recovery and risk a slide toward 3 000-3 050.
NY 2nd Month Cocoa Futures
NY cocoa settled at 7 554, slipping fractionally below the 10-DMA at 7 567 but still holding the bulk of July’s recovery. Momentum is mixed: the MACD histogram remains positive and edging higher, yet slow stochastics have pushed into the upper half of the band (%K 69) and are beginning to flatten, suggesting early signs of fatigue. Immediate resistance is the July peak at 7 736; a close above that level would target 8 000, followed by the descending 40-DMA at 8 293. Initial support sits at 7 336, with the major floor still at 6 720. While the market is attempting to stabilise, the down-trend from May is only likely to reverse convincingly if prices can clear the 40-DMA; until then, rallies risk stalling into overhead supply.
Ldn 2nd Month Cocoa Futures
London cocoa settled at 5 384, easing from Monday’s high yet still holding fractionally above the 10-DMA at 5 311. The contract has recovered a sizeable portion of July’s losses, but the rally is stalling into the 5 359 horizontal barrier and the descending 40-DMA at 5 628. Momentum is mixed: the MACD histogram remains positive but is beginning to flatten, and slow stochastics are firmly overbought with %K at 79 and starting to level out, a warning that upside impetus may be fading. A decisive push through 5 628 would target the wider 6 000-6 518 congestion zone and signal a shift in the medium-term bias. Conversely, a close back under the 10-DMA would imply that the recent bounce is merely corrective and could see prices slip towards 5 000, with more substantial support not until the March low at 4 489.
