NY 2nd Month Sugar Futures
NY sugar settled at 16.71. Price is still pinned to the 16.64 support band and sits beneath the 10 DMA at 16.87 and the 40 DMA at 16.84, so near-term risk remains to the downside. Momentum is tentative: the MACD diff stays negative and flat, but stochastics have ticked up from oversold (around 21), hinting at attempts to base above 16.64. A daily close back above 16.90/17.00 would ease pressure and refocus 17.50 (100 DMA) and then 18.00. A clean break under 16.64 would invalidate the budding base and expose 16.00.
Ldn 2nd Month Sugar Futures
London sugar settled at 456.40 on Thursday, slipping back under the 10 DMA at 461.00 and the 40 DMA at 466.25, with the 100 DMA at 485.33 still trending lower above the market. Momentum remains weak: the MACD diff is negative and edging lower, and stochastics have rolled down towards the 20 area, signalling fading upside interest. Immediate resistance is 464.00 and then the 10/40 DMA cluster; a daily close through 466–470 would be needed to steady the tone and re-open 493.80. While prices hold below 464, risk stays skewed to a re-test of 447.00 and the stronger support at 434.30.
NY 2nd Month Coffee Futures
Arabica firmed slightly to 291.15, reclaiming the 10 DMA at 287.81 and holding just above the 290 area. Momentum has improved: the MACD diff has turned positive and stochastics are rising through mid-range, signalling fading downside momentum. First resistance is clustered at the 40 DMA near 301.62, then horizontal resistance at 314.75; a close through that zone would complete a short-term base and open 331.00 and the 100 DMA around 343.58. On pullbacks, support sits at the 10 DMA, then 285/280 and the July trough at 277.55.
Ldn 2nd Month Coffee Futures
Robusta closed at 3377, extending the recovery from the 3241 floor and finishing above the 10 DMA at 3318. Signals are improving: the MACD diff has turned higher and stochastics are rising through the mid-range, suggesting bearish pressure is easing. The next test is the falling 40 DMA at 3530; a decisive break and close above there would confirm a short-term base and open 3700/3800 and then 4338. On pullbacks, support sits at 3330–3318 (10 DMA) and then 3241. While below the 40 DMA the broader trend remains down, but momentum favours further probing of resistance.
NY 2nd Month Cocoa Futures
NY Cocoa extended the rebound to 8061, holding above the 10 DMA at 7666 and pressing towards the 40 DMA at 8140. Oscillators back the improvement: the MACD diff has widened further into positive territory and stochastics are firm but edging into overbought (around 82), warning of near-term fatigue. A daily close above the 40 DMA would target 8300–8500 initially, with scope to the 200 DMA around 8976 if momentum persists. First support is now 7850/7800, then the 10 DMA and 7336. Bias stays constructive while above 7666, though consolidation beneath the 40 DMA would not surprise.
Ldn 2nd Month Cocoa Futures
London cocoa finished little changed at 5409. Price is holding above the 10 DMA at 5375 but remains capped by the 40 DMA at 5523, keeping the near-term picture neutral-to-constructive after the rebound from 4489. The MACD diff has continued to improve and stochastics are firm in the 60s, but a close through the 40 DMA is needed to unlock 5600/5800 and the more meaningful barrier at 6518. Initial support is 5359, then the 10 DMA and 5000. Bias turns more positive on a break of 5523; failure to do so risks renewed consolidation back towards 535
