NY 2nd Month Sugar Futures
NY sugar futures slipped to 17.01 on Tuesday, leaving the contract below the 10 DMA at 17.08, above the 40 DMA at 16.95, and under the 100 DMA at 17.35. Stochastics have rolled over in mid-range (%K ~48 < %D ~54), and the MACD diff is marginally positive but converging, indicating that the recent bullish impulse is fading rather than building. A daily close back above the 100 DMA and 18.00 would re-establish upward traction and open 19.00 then 19.49. Failure to improve leaves scope for a drift towards the 10/40 DMA band, with the 16.64 floor the key support beneath. Near term, signals lean neutral with a soft bias, favouring consolidation while below 17.35.
Ldn 2nd Month Sugar Futures
London sugar edged up to 471.20, reclaiming trade above the 10/40 DMA at 469.68/468.07 but still capped by the 100 DMA at 479.96. Stochastics have rolled over in the upper mid-range (%K ~65 just below %D ~66), hinting the rebound is losing traction, while the MACD diff remains positive and is edging higher, suggesting bearish pressure is not rebuilding. A clear close through 479.96 would reopen 493.80, with scope thereafter towards 519.00. Failure to build would see 464.00 tested, then 447.00 and the key floor at 434.30. For now, signals favour consolidation beneath the 100-day cap.
NY 2nd Month Coffee Futures
Arabica rallied to 349.05 on Tuesday, clearing the 100 DMA at 338.38 after breaking through the 314.75 congestion and remaining well above the 10/40 DMA at 315.30/299.09. Momentum is strong but stretched: stochastics are firmly overbought (%K ~91 > %D ~84) and the MACD diff is positive and extending, showing the down-leg is unwinding. A sustained hold above 339 keeps focus on 381.40, then 407.90/426.70. On the downside, first support sits at the 100 DMA, followed by 314.75 and the 10 DMA; a close back below 315 would warn the rebound is tiring. Tone is constructive, though overbought readings argue for pauses on approach to resistance.
Ldn 2nd Month Coffee Futures
Robusta jumped to 4268 on Tuesday, extending the rally well above the 10 DMA at 3763 and 40 DMA at 3509, and now pressing the 100 DMA at 4308 and horizontal resistance at 4338. Momentum is strong but stretched: stochastics are firmly overbought (%K ~94 > %D ~89), and the MACD diff is decisively positive and widening, confirming the unwind of the prior down-leg. A daily close above 4308/4338 would confirm a short-term base over 3241 and open 4664, then 5369–5569. Initial support is 3763–3509 and a drop back through that band would warn of cooling momentum and a deeper pullback. Bias remains constructive, albeit ripe for consolidation into resistance.
NY 2nd Month Cocoa Futures
NY cocoa eased to 8178, now below the 10 DMA at 8246 but still above the 40 DMA at 8025; the 200 DMA at 9047 remains the key cap overhead. Stochastics have turned lower from the upper band (%K ~59 < %D ~68), and the MACD diff stays positive but is beginning to flatten, pointing to slowing upside momentum after the recent rebound. A close back above the 10 DMA would steady the tone and refocus 9047, then 9542. Failure to reclaim the 10-day risks consolidation towards 8025, with 7336 then 6720 below. For now, the move still looks corrective beneath the 200-day, with upside traction fading into resistance.
Ldn 2nd Month Cocoa Futures
London cocoa edged higher to close at 5554 on Tuesday, sitting fractionally below the 10 DMA at 5572 but above the 40 DMA at 5447. The 200 DMA at 6836 remains a distant cap. Stochastics have turned down in mid-range (%K ~52 < %D ~58), signalling fading upside traction, while the MACD diff is positive and still improving, implying the recovery has not fully spent itself. Regaining the 10-day would steady the tone and target 6518, ahead of the 200 DMA at 6836 and 7348. Failure to hold above the 40-day would expose 5359.Near term, the structure is corrective and consolidative until resistance levels are reclaimed.
