NY 2nd Month Sugar Futures
NY sugar settled at 17.55, a firm close that now has the contract above the 100 DMA at 17.46 and comfortably over the 10/40 DMA cluster at 16.94/16.88. Momentum has improved: stochastics are rising with %K 60.5 above %D 42.5, and the MACD diff is positive at ~0.036 and still extending, signalling fading downside pressure. A daily close through 18.00 would cement a short-term base at 16.64 and open 19.00 then 19.49. Failure to build above 18.00 risks a drift back to the 100 DMA first, then the 10/40 DMA band and the 16.64 floor. Near-term tone is cautiously constructive while price holds above the 100 DMA.
Ldn 2nd Month Sugar Futures
London sugar printed a green candle to 478.50, extending the rebound and closing above the 10 DMA at 466.04 and 40 DMA at 467.51 while still just below the 100 DMA at 481.78. Stochastics are elevated and rising (%K 77.9 > %D 62.5), and the MACD diff is positive and widening (~+2.28), indicating improving momentum but creeping stretch into nearby resistance. A decisive close through 481.78 would bring 493.80 into play, with scope thereafter to 519.00/540.20. Failure to clear the 100 DMA leaves room for consolidation back towards the 10/40 DMA cluster and 464.00, with 447.00 then 434.30 beneath. Tone: cautiously constructive while holding above the short-term averages; the 100 DMA is the near-term cap to beat.
NY 2nd Month Coffee Futures
Arabica advanced to 318.70, pushing through the 314.75 congestion and holding above the 10 DMA at 298.38 and the 40 DMA at 297.71. Stochastics have moved into overbought (%K 82.0 vs %D 71.2), warning of potential fatigue, but the MACD diff remains firmly positive and widening (~+4.61), consistent with an ongoing shift in bias. Sustained trade above 314.75 would target the 100 DMA at 339.85, then 381.40. On the downside, initial support is 314.75, followed by the 300 area and the 10/40 DMA cluster; a close back beneath 298 would warn that the rebound is stalling. Constructive while price holds above 314.75/300.
Ldn 2nd Month Coffee Futures
Robusta extended the rebound to 3952, firmly above the 10 DMA at 3523 and the 40 DMA at 3483, with the next cap the 100 DMA at 4350 and horizontal resistance at 4 338/4 664. Stochastics are firmly overbought and still climbing (%K 88.3 vs %D 80.1), warning that upside traction may slow into resistance. Consistently, the MACD diff is strongly positive and widening (about +91), signalling an ongoing unwind of the prior down-leg. Holding above the 3523–3483 DMA cluster would keep the near-term tone constructive; a close back beneath 3241 would negate the base and re-expose the broader down-trend. Near term, gains likely meet headwinds towards the 100 DMA.
NY 2nd Month Cocoa Futures
NY cocoa slipped to 8271 , but remains above the 10 DMA at 8059 and the 40 DMA at 8047; the 200 DMA at 9026 stays the key cap overhead. Stochastics have turned within overbought (%K 75.8 just below %D 77.9), hinting that upside momentum is beginning to wane as price approaches heavier resistance. Even so, the MACD diff is strongly positive and still extending, consistent with a recovery phase rather than renewed downside. A close above 9026 would expose 9542 and then 10779. Failure to clear the 200 DMA keeps risks of consolidation back to 8059/8047, with 7336 and 6720 beneath. For now, the rally looks corrective within the broader structure until the 200 DMA is reclaimed.
Ldn 2nd Month Cocoa Futures
London cocoa slipped to 5570 after a sharp two-week recovery, but it remains above the 10 DMA at 5516 and the 40 DMA at 5465; the 200 DMA at 6834 is the key cap overhead with 6518 the interim resistance. Stochastics have eased in the upper mid-range with %K 65.6 now below %D 67.3, hinting at fading momentum, and the MACD diff, which is still positive, has begun to flatten, suggesting the bullish impulse is no longer building. A close back through 6518 would reopen 6834/7348; failure to hold above the 10/40 DMA cluster would risk a pullback towards 5359, with 4489 the deeper support. For now, the recovery looks corrective and vulnerable to consolidation unless resistance levels are reclaimed.
