NY 2nd Month Sugar Futures
NY sugar futures pushed higher to 17.55, printing a firm green candle that lifted the contract above the 100 DMA at 17.46 and comfortably clear of the 10 DMA at 16.94 and the 40 DMA at 16.88. Momentum has improved: stochastics are rising through the upper mid-range (%K ~60.5 above %D ~42.5), and the MACD diff is positive and extending, indicating that prior downside pressure is continuing to fade. A daily close through 18.00 would confirm a stronger short-term base at 16.64 and open 19.00 then 19.49. Failure to build above 18.00 would leave scope for consolidation back towards the 100 DMA first, then the 10/40 DMA cluster and the 16.64 floor. The near-term tone is cautiously constructive while price holds above the 100 DMA.
Ldn 2nd Month Sugar Futures
London sugar rallied to 479.40, a clear close back above the 10 DMA at 462.55 and the 40 DMA at 466.77, leaving near-term trend signals neutral-to-positive as price approaches the 100 DMA at 483.08. Stochastics have turned higher into the upper mid-range (%K 65.3 above %D 45.4), while the MACD diff has flipped positive and is extending, indicating bearish pressure is fading rather than rebuilding. A daily close through the 100 DMA and 493.80 would confirm a stronger base and open 519.00, then 540.20. Failure to sustain gains risks a drift back towards 464.00, with 447.00 and the key floor at 434.30 beneath. For now, the tone is cautiously constructive while price holds above the 40 DMA.
NY 2nd Month Coffee Futures
Arabica eased to 308.30 after an intraday failure around the 314.75 congestion band, leaving a red candle but retaining the bulk of the recent rebound. The contract still trades above the 10 DMA at 292.80 and the 40 DMA at 298.74, with the 100 DMA well overhead at 341.24. Stochastics continue to climb into the upper half of the range (%K ~72 > %D ~61), and the MACD diff remains positive and widening, signalling ongoing convergence from the prior down-leg. A clear daily close above 314.75 would confirm the shift in bias and target the 100 DMA, then 381.40. On the downside, initial support is the 300/40 DMA area, followed by the 10 DMA; a break beneath 292.80 would warn of a retest of the June low near 286.50. Constructive while holding above the 10/40 DMA cluster.
Ldn 2nd Month Coffee Future
Robusta edged lower to 3628, holding above the 10 DMA at 3415 and the 40 DMA at 3484, and leaving a short-term base in place above 3241. Momentum is getting stretched: stochastics are firmly overbought (%K 81.6 vs %D 72.1), and the MACD diff is positive and widening, signalling that the prior bearish impulse continues to unwind. A sustained push higher would target the 100 DMA at 4383 and the horizontal band at 4338/4664. On the downside, initial support is the 3415–3484 DMA cluster; a close back below 3241 would warn that the down-trend is reasserting. Near term, upside attempts may begin to slow into resistance given stretched oscillators, favouring consolidation before any further advance.
NY 2nd Month Cocoa Futures
NY cocoa advanced to 8668, extending the recovery above the 10 DMA at 7900 and the 40 DMA at 8086, but still shy of the 200 DMA at 9004. Stochastics have pushed into overbought (%K ~81.8), hinting that upside traction may begin to moderate as price approaches heavier resistance. In tandem, the MACD diff is firmly positive and still extending, consistent with a recovery phase rather than fresh downside pressure. A daily close through the 200 DMA would unlock 9542 and then 10779. Failure to clear 9004 leaves risk of consolidation back to 8086/7900; below 7336 would re-expose 6720. For now, the rebound is constructive but becoming stretched into the 200-DMA cap.
Ldn 2nd Month Cocoa Futures
London cocoa firmed to 5804, reclaiming and holding above the 10 DMA at 5468 and the 40 DMA at 5476, while remaining below the 200 DMA at 6829. Stochastics have risen into the upper half of the range (%K 70.5 above %D 65.9), and the MACD diff is strongly positive and still extending, consistent with a developing recovery. A daily close through 6518 would bring the 200 DMA at 6829 into view, with scope thereafter towards 7348. On the downside, first support is the prior breakout area at 5359, ahead of the 10/40 DMA cluster; below there would expose 4489.9. Bias is improving, but the broader set-up remains corrective until the 200 DMA is retaken.
