NY 2nd Month Sugar Futures
NY sugar slipped to 16.78, breaking below the cluster of DMAs around 17.08–17.20 and closing beneath the 40 and 100 DMAs. The candle was red and confirmed a downside break from the recent consolidation range. Stochastics are turning down, with %K at 22.8 slipping away from %D at 31.9, signalling a loss of momentum near oversold territory. The MACD remains flat just below zero, with no divergence evident. Price action suggests near-term weakness, with support at 16.64 and 16.00, while any recovery would need a move back above the 18.00 resistance to stabilise the outlook.
Ldn 2nd Month Sugar Futures
London sugar eased to 476.10, slipping back below the 10 DMA (478.33) after briefly testing above. The 40 DMA (471.02) and 100 DMA (475.59) cluster just beneath the market, acting as immediate support. Stochastics are turning lower from mid-70s levels, with %K at 66.13 against %D at 72.48, signalling a loss of upside momentum. MACD remains positive at 3.36 but is flattening, suggesting reduced follow-through. A break under 464.00 would confirm near-term weakness, while a close above 493.80 is needed to reassert upside potential.
NY 2nd Month Coffee Futures
NY coffee fell sharply to 370.35, retreating from resistance at 381.40 after failing to sustain the strong rally from July lows. The session produced a red candle, closing near the day’s low, with price still above the 100 DMA at 338.78 but testing short-term trend support. Stochastics are rolling over from overbought, with %K at 80.1 crossing down towards %D at 86.7, highlighting potential for further retracement. The MACD remains positive but the histogram is flattening, showing slowing upside momentum. Support lies at 362.90 and 338.50, with resistance firm at 381.40 and 407.90.
Ldn 2nd Month Coffee Futures
London coffee pulled back sharply to 4399 after rejecting resistance at 4664. The market closed well below the 10 DMA (4606) but remains above the 40 DMA (3740) and 100 DMA (4257). Stochastics are retreating from overbought, with %K at 67.67 against %D at 82.47, a bearish divergence forming. MACD at 304.36 remains strongly positive but is narrowing against the signal line. Failure to recover the 4512–4664 region risks further retracement towards 4338, while only renewed closes above 4664 would revive bullish momentum.
NY 2nd Month Cocoa Futures
NY cocoa extended losses to 7546, closing below the 10 and 40 DMAs (7802 and 7840), reinforcing near-term downside pressure. The candle was red and tested support at 7336, leaving price vulnerable to a deeper correction. Stochastics are weak, with %K at 25.4 slipping under %D at 28.7, showing a loss of momentum as the contract nears oversold conditions. The MACD is negative and diverging, with the histogram deepening further, confirming downward bias. Immediate support is at 7336 and then 6720, while resistance remains at the 200 DMA at 9079 and 9542 above.
Ldn 2nd Month Cocoa Futures
London cocoa edged lower to 5265, remaining under the 10 DMA (5360) and 40 DMA (5362). The 200 DMA (6816) continues to cap the broader downtrend. Stochastics are deep in oversold territory, with %K at 15.20 against %D at 17.12, but have yet to show a clear reversal. MACD at -51.60 is still negative and diverging, confirming downside pressure. Support stands at 5359 then 4489, with resistance layered at 6518. Price action suggests continued consolidation with risks skewed lower unless stochastics can turn decisively higher.
