NY 2nd Month Sugar Futures
NY sugar settled at 17.08, slipping back beneath the 10-day average at 17.19 and the 100-day at 17.32, while still holding just above the 40-day at 16.99. Stochastics have turned lower in mid-range (%K ~48.7 < %D ~52.1), and the MACD diff is only marginally positive (~+0.006) and flattening, signalling that bullish pressure is no longer building. A daily close back above 17.32 would steady the tone and re-open 18.00, with scope thereafter towards 19.00/19.49. Failure to regain the 100-day leaves the market vulnerable to a drift towards the 40-day and the 16.64 floor. Near-term bias: neutral/soft, favouring further consolidation while capped below the 100-DMA.
Ldn 2nd Month Sugar Futures
London sugar eased to 475.60, holding above the 10/40 DMA cluster at 474.06/468.56 but still capped by the 100 DMA at 478.99. Stochastics remain elevated but are beginning to flatten (%K ~73.3 vs %D ~70.4), hinting that the rebound is losing some traction into nearby resistance. The MACD diff is positive (~+1.37) and edging higher, signalling that bearish pressure is not rebuilding. A decisive close through 478.99 would re open 493.80, with a break there bringing 519.00 into view. Failure to clear the 100-day average would risk a drift back towards 464.00, then 447.00 and the key floor at 434.30. For now, the market looks range-bound, with the 100 DMA the immediate lid.
NY 2nd Month Coffee Futures
Arabica advanced to 365.00, extending the rebound well above the 10- and 40-day averages (329.39/301.66) and, importantly, through the 100-day at 338.05. Momentum remains supportive but stretched: stochastics are firmly overbought (%K ~94 > %D ~89) and the MACD diff (~+7.93) is widening, confirming that the recovery phase is still in train. Holding above the 100-DMA/339 keeps the focus on 381.40, then 407.90 and 426.70. On the downside, initial support sits at the 100-DMA, then 314.75 and the 10-DMA; a close back beneath ~329 would warn of fatigue. For now, the tone is constructive, albeit ripe for consolidation into overhead resistance.
Ldn 2nd Month Coffee Futures
Robusta extended the surge to 4,520, now above the 10 DMA at 3,983, the 40 DMA at 3,552 and the 100 DMA at 4,290, shifting the short-term bias decisively higher. Momentum is stretched: stochastics are firmly overbought (%K ~96.3, %D ~92.6), and the MACD diff is strongly positive (~+126) and still widening, showing that the unwind of the prior down-leg remains in force. Immediate resistance is flagged at 4,664; a daily close above there would expose 5,369/5,569. On the downside, first support is 4,338/4,290, followed by the 10-day; a slip back beneath 3,983–3,552 would warn of a deeper consolidation. Near term, the tone is constructive, but with overbought signals arguing for pauses on approach to 4,664.
NY 2nd Month Cocoa Futures
NY cocoa fell to 7,650, slipping below both the 10-day at 8,206 and the 40-day at 7,976, and remaining well under the 200-day at 9,056. Stochastics have rolled over in the lower half (%K ~31.5 < %D ~50.7), while the MACD diff has swung negative (~-3.08), indicating that bearish momentum is re-emerging after the recent bounce. Immediate support is flagged at 7,336, with 6,720 beneath. To stabilise, the market needs to reclaim the 7,976/8,206 moving-average band; only then would 9,056 come back into view. Until that happens, rallies are likely to be corrective within a soft broader structure.
Ldn 2nd Month Cocoa Futures
London cocoa firmed to 5,804, extending the recovery above the 10 DMA at 5,468 and the 40 DMA at 5,476, while the 200 DMA at 6,829 remains a heavier cap overhead. Stochastics have pushed into the upper half of the range (%K ~70.5 > %D ~65.9), and the MACD diff is positive and extending, confirming improving momentum. A clear push through 6,000/6,518 would bring the 200 DMA at 6,829 into view, with scope thereafter towards 7,348. Failure to build would see support back at 5,359 and then 4,489.9. For the moment, the structure is cautiously constructive, with dips likely to be viewed as corrective while the market holds above the 10/40-day averages.
