NY 2nd Month Sugar Futures
NY sugar futures declined on Friday, closing at 17.07, holding just above the 10 DMA at 16.90 and the 40 DMA at 16.85, leaving near-term trend signals neutral to mildly positive. The 100 DMA sits overhead at 17.47, capping progress ahead of the heavier 18.00 area. Stochastics are mid-range and stabilising (%K at 41.8, marginally above %D), while the MACD diff is barely negative (about -0.01) and converging, implying bearish pressure is fading rather than re-accelerating. A daily close through 17.47/18.00 would confirm a stronger base and open 19.00–19.49. Failure to build momentum risks a drift back towards the 10 DMA and the key floor at 16.64. Near term, the path of least resistance favours consolidation while oscillators reset.
Ldn 2nd Month Sugar Futures
London sugar settled at 464.30 after a bounce, still pinned between the 10 DMA at 461.15 and the 40 DMA at 466.37, keeping near-term signals neutral. The 100 DMA at 484.51 remains a cap ahead of the heavier 493.80/519.00 band. Stochastics have lifted from oversold (%K 33.7 vs %D 27.7), hinting at tentative improvement, while the MACD diff stays negative (-0.49) but is flattening, suggesting bearish pressure is no longer building. A daily close back above the 40 DMA would steady the tone and re-open 493.80, then 519.00. Failure to hold 464.00 risks a slip towards 447.00 and the key floor at 434.30. For now, consolidation around the short-term averages looks the path of least resistance.
NY 2nd Month Coffee Futures
Arabica rebounded to 302.45, reclaiming the 10 DMA at 289.01 and nudging back above the 40 DMA at ~300.47. Price is now pressing into the 314.75 congestion band. Momentum has improved: stochastics are rising into the upper half of the range (%K 63.0) and the MACD diff has turned positive and is widening (≈ +2.28), signalling that the prior bearish impulse is unwinding. A clear close above 314.75 would confirm a shift in bias and target the 100 DMA at 342.77, then 381.40. On the downside, initial support is at the 40 DMA/300 area, followed by the 10 DMA; a break back beneath 289 would warn of a retest of the July base. Tone is cautiously constructive while holding above the 10 DMA.
Ldn 2nd Month Coffee Futures
Robusta advanced to 3510, reclaiming the 10 DMA at 3346 and now testing the 40 DMA, also near 3510. Despite the rebound, the contract remains well below the 100 DMA at 4420, leaving the broader down-trend intact. Momentum has improved: stochastics are rising into the upper half of the range (%K 73.4, %D 60.7), and the MACD diff has flipped positive and is widening (+49.3), signalling that bearish momentum is unwinding. A clear close above the 40 DMA would confirm a short-term base and open 3,838/4,664, with scope thereafter towards 5369–5569. On the downside, initial support lies at 3350–3346, then the recent reaction floor at 3241. Constructive near term while holding above the 10 DMA.
NY 2nd Month Cocoa Futures
NY cocoa dropped on Friday, settling at 7978, extending the recovery above the 10 DMA at 7708 but still below the 40 DMA at 8113 and well under the 200 DMA at 8983, keeping the broader picture heavy. Stochastics have pushed into overbought territory (%K 79.5), hinting at fading upside traction as price approaches DMA resistance. Consistently, the MACD diff is positive and converging (≈ +104), indicating bearish momentum has eased, though not yet implying a durable trend reversal. A daily close through 8113 would expose 8983/9,542; failure to clear the 40 DMA would leave the market vulnerable to a pullback towards 7708, then 7336 and 6720. For now, the recovery looks corrective within a still-broader downtrend until the 200 DMA is reclaimed.
Ldn 2nd Month Cocoa Futures
London cocoa closed at 5415, edging above the 10 DMA at 5386 but still capped by the 40 DMA at 5502 and far beneath the 200 DMA at 6819, keeping the broader picture heavy. Price has retaken the 5359 congestion band, but momentum is mixed: stochastics sit in the upper mid-range with %K 60.1 slipping just below %D 63.6, hinting at fading traction, while the MACD diff is positive and edging higher (+51.0), indicating continued convergence from deeply negative momentum. A daily close through the 40 DMA would target 6518/6819; failure to clear 5502 leaves the market vulnerable to a pullback towards 5359 and then the June–July base area, with 4489 the deeper support. For now, the recovery appears corrective unless the 200 DMA is recovered.
