NY 2nd Month Sugar Futures
NY sugar extended losses on Friday, closing at 15.62 after failing to hold above the 10 DMA at 16.03. The market continues to trade below the 40 and 100 DMAs at 16.48 and 16.78, respectively, reinforcing the prevailing downward bias. Stochastics are falling, with %K at 23.15 below %D at 33.60, suggesting further downside pressure. The MACD diff remains negative and diverging, confirming growing bearish momentum. A close below the key horizontal support at 15.50 would expose the next downside target at 15.20. On the upside, prices need to reclaim the 10 DMA and close above 16.00 to ease immediate pressure. The technical structure points to sustained weakness in the near term.
Ldn 2nd Month Sugar Futures
London sugar extended losses on Friday, closing at 447.50 after failing to hold above the 10 DMA at 454.87. The contract remains capped by the 40 and 100 DMAs at 462.75 and 465.71, respectively, reinforcing resistance across the short- and medium-term averages. Stochastics are falling, with %K at 30.77 below %D at 45.23, while the MACD diff is negative and diverging, highlighting growing bearish momentum. A break below support at 442 would confirm further downside potential towards 434. On the upside, prices need to close above 465 to shift sentiment, but the market continues to respect the downward-sloping resistance line from the July high. The indicators point to continued near-term weakness unless support holds.
NY 2nd Month Coffee Futures
Arabica futures slipped on Friday to close at 356.35, testing support near the 50% Fibonacci retracement level at 350.50. The 10 DMA at 362.80 and 40 DMA at 368.58 now act as resistance after a failed attempt to consolidate higher. Stochastics are softening, with %K at 47.10 below %D at 57.11, while the MACD diff is negative and diverging, signalling building downside momentum. A break below 350.00 could open the way towards the 100 DMA at 336.59, while sustained closes above 370.00 would be needed to reassert a short-term recovery. The recent candle pattern, a lower close after intra-day recovery, reflects hesitation and a weakening bias.
Ldn 2nd Month Coffee Futures
Robusta futures edged lower on Friday, closing at 4391 after struggling to build momentum above the 10 DMA at 4379. The 40 DMA at 4426 continues to cap upside moves, while the 100 DMA at 4039 remains supportive. Stochastics are softening, with %K at 68.74 falling towards %D at 66.34, signalling fading bullish momentum. The MACD diff is negative and diverging, suggesting further weakness ahead. A break below the 40 DMA could confirm a move back towards 4338, while a recovery above 4500 is required to reinstate upside potential. Recent small-bodied candles reflect indecision, but unless prices regain the 40 DMA on a closing basis, the short-term bias remains fragile.
NY 2nd Month Cocoa Futures
NY cocoa weakened further on Friday, closing at 5892 and extending the broader decline that began in late August. The market remains firmly below the 10 DMA at 6369, the 40 DMA at 7236, and the 200 DMA at 8686, maintaining a strong bearish structure. Stochastics are deeply oversold, with %K at 6.48 below %D at 9.13, though the potential for a short-term pause is emerging. The MACD diff remains negative and diverging, confirming persistent downside momentum. Immediate support sits at 5850, with a break below this level opening the path towards 5700. On the upside, a close above 6200 is required to signal early signs of stabilisation. The trend remains weak overall, with oversold readings offering only tentative scope for consolidation.
Ldn 2nd Month Cocoa Futures
London cocoa weakened on Friday, closing at 4155 after extending its decline below the 10 DMA at 4454 and the 40 DMA at 5009. The 200 DMA remains far higher at 6378, underscoring the entrenched downtrend. Stochastics remain in oversold territory, with %K at 7.71 below %D at 8.93, but with no sign yet of a reversal. The MACD diff is negative and diverging, confirming persistent downside pressure. Support at 4130 is being tested, and a break below this level could expose 4000 next. On the upside, a close above 4500 would be needed to ease immediate pressure. Despite oversold momentum indicators, the prevailing trend remains decisively bearish.
