NY 2nd Month Sugar Futures
Sugar closed marginally firmer at 16.14 on Friday. Price remains below the 10 DMA at 16.41 and the 40/100 DMA cluster at 16.84–17.02, maintaining a broader downtrend beneath the long-term averages. The MACD line at -0.194 continues to drift under its signal line (-0.152), confirming negative momentum. Stochastics (%K at 34.08) are lifting from oversold territory but remain subdued, signalling only tentative stabilisation. A failure to hold 16.00 could expose the February low near 15.80, while reclaiming 16.64 would be the first sign of strength.
Ldn 2nd Month Sugar Futures
London sugar extended its sideways-to-lower drift on Friday, closing modestly above its recent low at 444.20. Price remains capped beneath the 10 DMA at 458.34 and the 40 DMA at 467.01, with the 100 DMA (470.76) reinforcing resistance near 464.00. The candle’s small real body signals indecision after Thursday’s deeper dip, though the broader trend remains soft. MACD is firmly negative and diverging slightly, while stochastics (%K at 15.83) linger in oversold territory but have yet to turn convincingly. A sustained move above 464.00 would be needed to stabilise sentiment and target the mid-August range, while a break under 444.20 could expose 434.30. Short-term bias stays cautiously bearish within the broader range.
NY 2nd Month Coffee Futures
Arabica fell sharply to 346.25, snapping back through the 381.40 horizontal support and the 10 DMA at 386.63. The 40 DMA at 345.19 and the 100 DMA at 340.27 are now immediate trend references. MACD has rolled over (11.60 vs signal 16.80) and the histogram shows a deepening negative difference (-5.20), suggesting momentum has shifted lower after the recent rally. Stochastics (%K at 34.70) have turned down from overbought, reinforcing near-term bearish bias. A sustained close back over 381.40 would negate further downside, but unless regained quickly, scope exists for a test of 327.40 or even the 314.75 pivot.
Ldn 2nd Month Coffee Futures
London coffee retreated sharply to close at 4135, erasing much of its late-August rebound. Friday’s long red candle pushed through support at 4338 and briefly tested the 100 DMA (4158), with price settling just above that average. The 10 DMA (4506) now caps upside momentum, while the 40 DMA (4103) sits just beneath as a secondary floor. MACD has rolled over and the histogram shows accelerating downside momentum, while stochastics (%K at 36.18) are trending lower after peaking mid-week. A hold above the 100 DMA could prompt a corrective bounce, but failure here risks a deeper slide toward the 3810–3862 zone. Near-term tone is bearish, but a stabilisation above 4100 may temper further downside.
NY 2nd Month Cocoa Futures
Cocoa settled at 7,229, holding fractionally above the 7,200 area but still below the 10 DMA at 7,374 and 40 DMA at 7,733. The long-term 200 DMA sits far higher at 8,990, underscoring the prevailing downtrend from the April highs. MACD (-166.66) remains well under its signal (-147.10) with a negative histogram (-19.56), pointing to persistent downside momentum. Stochastics (%K at 21.92) are oversold, hinting at potential stabilisation near support, but no reversal signal is yet evident. Immediate resistance lies at 7,336, while a decisive break under 7,200 risks a slide toward the 7,000 and 6,720 supports.
Ldn 2nd Month Cocoa Futures
London cocoa drifted slightly higher into the weekend, closing at 5058 and remaining under pressure below the 10 DMA (5108) and the 40 DMA (5333). The 200 DMA at 6674 continues to define the broader downtrend. Friday’s candle showed a narrow body with little conviction, reflecting reduced momentum after recent declines. MACD remains negative but the histogram shows less steepening, suggesting waning downside acceleration. Stochastics (%K at 27.43) are edging down but not yet oversold, implying scope for further weakness before any stabilisation. Resistance is firm at 5359, while 4489.87 remains key support. The short-term outlook is cautiously bearish unless price can reclaim the 40 DMA to signal potential base-building.
