NY 2nd Month Sugar Futures
NY sugar futures eased on Friday, settling at 17.13 and failing to hold above the 100 DMA at 17.39, though price remains just over the 10/40 DMA cluster at 17.05/16.93. Stochastics are advancing but beginning to flatten in the upper half of the range, hinting that upside momentum is fading into resistance, while the MACD diff is still marginally positive but starting to converge, suggesting bullish pressure is no longer building. A daily close back above 18.00 would confirm a short-term base at 16.64 and open 19.00 then 19.49. Failure to reclaim the 100 DMA would leave scope for consolidation towards the 10/40 DMA and the 16.64 support band. Near term, the path of least resistance favours consolidation rather than immediate fresh gains.
Ldn 2nd Month Sugar Futures
London sugar settled lower at 473.40, holding above the 10 DMA at 466.04 and 40 DMA at 467.63 while still capped by the 100 DMA at 481.21. Stochastics are elevated (%K ~75 > %D ~67), and the MACD diff is positive and edging higher, signalling fading bearish pressure but momentum becoming stretched into nearby resistance. A clear close through 481.78/493.80 would confirm a stronger base and open 519.00 then 540.20. Failure to break the 100 DMA risks consolidation back towards 471–466, with 464.00 then 447.00/434.30 beneath. Near-term tone remains cautiously constructive while price holds above the short-term averages.
NY 2nd Month Coffee Futures
Arabica jumped to 334.2, a firm close through 325.0 and comfortably above the 10/40 DMA at 304.04/298.05, with the 100 DMA at 339.3 the next hurdle. Stochastics are firmly overbought ( %K > %D ) and MACD diff is positive and widening, pointing to an improving bias but hinting at fatigue near resistance. A sustained hold above 330 would target the 100 DMA, with scope thereafter towards 381.40. On the downside, initial support lies back at 314.75, then 300 and the 10/40 DMA cluster; a close beneath ~298 would warn that momentum is fading. Bias remains constructive while above 314.75/300.
Ldn 2nd Month Coffee Futures
Robusta finished at 4067, extending the rebound above the 10/40/100 DMA at 3603/3491/4336; the horizontal resistance at 4338/4664 are the next hurdles. Stochastics are firmly overbought (%K ~91 > %D ~84), and the MACD diff is positive and widening, indicating the prior down-leg is unwinding but warning of fatigue into resistance. Holding above the 3523–3483 DMA cluster would keep the tone constructive; a close back below 3241 would negate the base and reexpose the broader downtrend. The picture is constructive but prone to consolidation as prices approach June levels.
NY 2nd Month Cocoa Futures
NY cocoa edged higher to 8278 after Wednesday and Thursday softening, but still trades above the 10 DMA at 8132 and the 40 DMA at 8034, leaving the recovery intact beneath the 200 DMA at 9034. Stochastics have turned lower inside overbought territory (%K just below %D), and the MACD diff remains positive but is beginning to flatten, suggesting upside traction is fading as heavier resistance approaches. A daily close above 9026 would unlock 9542 and 10779. Failure to clear the 200 DMA would see prices consolidate towards 8059/8047; below there would reexpose 7336, then 6720. For the moment, the move still looks corrective, with bulls needing a break of the 200 DMA to extend gains.
Ldn 2nd Month Cocoa Futures
London cocoa edged lower to 5551, retaining trade above the 10 DMA at 5533 and 40 DMA at 5465 but well below the 200 DMA at 6835. Stochastics have ticked lower in the upper band (%K ~60 < %D ~65), and the MACD diff remains positive but is starting to flatten, hinting that the recovery is losing some traction into resistance. A daily close through 6518 would bring the 200 DMA at 6835 into view, then 7348. Failure to build would leave the market vulnerable to a drift back towards 5359, with 4489 the deeper support. For now, the move looks corrective unless the 200 DMA is reclaimed.
