NY 2nd Month Sugar Futures
NY sugar futures settled at 16.10 on Thursday, slipping further below the short-term averages. Prices remain under the 10 DMA at 16.42 and the 40 DMA at 16.86, highlighting ongoing bearish momentum. The stochastics are mid-range but %K is flattening above %D, suggesting indecision, while the MACD diff remains slightly negative at –0.0371. Immediate support is now at 16.00; a confirmed close beneath could open a slide toward the March lows. On the upside, regaining 16.64 would be needed to re-engage the 40 DMA and shift tone toward consolidation. The short-term bias remains cautiously lower unless a bounce above near-term averages is achieved.
Ldn 2nd Month Sugar Futures
London sugar futures plunged on Thursday, settling at 446.10. The stochastics continue to fall, with %K/%D approaching oversold territory, while the MACD diff remains negative and diverging, confirming persistent selling pressure. Futures are trading below the 10 DMA at 459.49 and the 40 DMA at 467.57, suggesting momentum remains bearish. To confirm further downside, prices need to close below strong horizontal support at 434.30, which could open the way toward the June low. On the upside, reclaiming the 10 DMA and a close above 464.00 would be required to neutralise the weakness and signal a possible recovery toward 493.80. The indicators point to further softness unless key levels are regained.
NY 2nd Month Coffee Futures
NY coffee futures rebounded slightly to close at 380.85, reversing some of the recent softness. The contract is trading just under the 10 DMA at 389.37 but remains well above the 40 DMA at 343.96 and 100 DMA at 340.91, maintaining the broader uptrend. Stochastics have %K at 46.48 and %D at 62.88, turning up from mid-range, while MACD diff has narrowed to –2.15, signalling waning downside pressure. Resistance at 381.40 is key; a daily close above would encourage a retest of 393.01 and possibly 407.90. Failure to break higher could invite a retest of trend support near 360–355. The indicators suggest bullish momentum could reassert if resistance is cleared.
Ldn 2nd Month Coffee Futures
London coffee futures closed at 4447 on Thursday, easing back after testing resistance. The stochastics are retreating from mid-range, with %K/%D diverging lower, while the MACD diff has turned less positive, hinting at fading bullish momentum. Futures remain above the 40 DMA at 4083 and the 100 DMA at 4169 but are now below the 10 DMA at 4523, suggesting a potential shift toward consolidation. Immediate support sits at 4338; a break beneath this could target the 40 DMA or even the 4000 region. On the upside, a decisive close back above 4664 would reassert bullish control and set up a retest of 5369. The candle pattern and indicators imply caution, with further weakness possible if support fails.
NY 2nd Month Cocoa Futures
NY cocoa futures weakened to 7209, slipping further below the 10 DMA at 7398 and the 40 DMA at 7740. The MACD diff is firmly negative at –19.23 and diverging lower, while stochastics show %K at 26.96 crossing below %D at 33.89, reinforcing bearish tone. Horizontal support lies at 7336, but Thursday’s close beneath this level underscores continued selling pressure, with 7000 and 6720 the next downside targets. Any recovery would need to reclaim 7740 to neutralise the bearish bias. The technical picture remains heavy, and sellers appear in control unless a sharp reversal materialises.
Ldn 2nd Month Cocoa Futures
London cocoa futures slipped on Thursday to 5013, maintaining a downward bias. The stochastics are falling, with %K/%D near oversold, and the MACD diff is negative and diverging, reinforcing bearish momentum. Prices remain below the 10 DMA at 5117 and the 40 DMA at 5337, while the 200 DMA at 6685 continues to cap any upside recovery. To confirm continued weakness, futures must sustain a break under 5000, which could expose 4489.87 as the next target. Alternatively, a rebound above 5359 would be needed to stabilise sentiment and hint at a corrective rally. The technical picture remains heavy, and sellers hold the near-term advantage.
