NY 2nd Month Sugar Futures
NY sugar edged higher on Tuesday to close at 15.37, forming a modest green candle after testing the 15.00 level. The contract remains capped below the 10 DMA at 15.78 and the 40 DMA at 16.39, while the 100 DMA at 16.73 reinforces broader downside pressure. Stochastics are rising from oversold territory, with %K at 21.42 crossing above %D at 25.37, signalling early signs of stabilisation. The MACD diff is negative but converging, suggesting a loss of downside momentum. A close above the 10 DMA would confirm a short-term recovery toward 16.00, while failure to hold above 15.00 could re-expose the March low near 14.70. Price action hints at potential base-building, though confirmation remains pending.
Ldn 2nd Month Sugar Futures
London sugar edged higher on Tuesday, closing at 444.80 after finding support at 435.00 earlier in the session. The contract remains capped by the 10 DMA at 451.46 and the 40 DMA at 461.31, while the 100 DMA at 464.92 reinforces the overhead resistance zone. Stochastics are rising, with %K at 27.21 approaching %D at 34.59, suggesting a potential recovery from oversold territory. The MACD diff remains negative but is converging, indicating weakening downside momentum. A break above the 10 DMA could trigger a test of 460, while failure to hold above 440 would expose the next support at 434. The near-term outlook points to stabilisation, but futures must reclaim the short-term averages to confirm a reversal.
NY 2nd Month Coffee Futures
NY coffee strengthened sharply on Tuesday, closing at 377.80 and extending gains above both the 10 DMA at 365.83 and the 40 DMA at 370.44. The structure has turned supportive, with price reclaiming the 38.2% Fibonacci retracement at 367.88, opening the path toward 393.00. Stochastics are rising, with %K at 63.26 above %D at 58.34, while the MACD diff has turned positive and continues to widen, reflecting sustained upward momentum. The candle’s firm close reinforces short-term bullish sentiment, though a close above 380 would be needed to confirm a retest of the September high near 400. Near-term tone remains constructive while prices hold above the 10 DMA.
Ldn 2nd Month Coffee Futures
London coffee edged slightly higher on Tuesday, closing at 4420 after failing to break above the 10 DMA at 4432. Prices remain rangebound between support at 4338 and resistance at 4664, while the 40 DMA at 4446 continues to act as a ceiling. Stochastics are easing, with %K at 68.76 moving closer to %D at 68.15, signalling fading bullish momentum. The MACD diff remains positive but is flattening, suggesting consolidation. A close below 4400 could trigger a retracement towards the 100 DMA at 4032, while a move above 4500 would reopen the path to retest 4664. The narrow-bodied candle indicates indecision, with short-term bias tilting mildly weaker unless prices reclaim the 40 DMA.
NY 2nd Month Cocoa Futures
NY cocoa edged slightly higher Tuesday to close at 5964, posting a second consecutive green candle as prices rebound from the 5800 region. The 10 DMA at 6171 remains the next upside barrier, followed by the 40 DMA at 7120, while the broader trend stays capped beneath the 200 DMA at 8638. Stochastics are turning higher, with %K at 13.80 rising above %D at 10.21, indicating improving short-term momentum from deeply oversold levels. The MACD diff is negative but converging, signalling that selling pressure is fading. A close above the 10 DMA would confirm stabilisation and open scope toward 6200–6400, while support rests at 5800. Futures appear to be forming a tentative base, though the wider downtrend remains intact.
Ldn 2nd Month Cocoa Futures
London cocoa strengthened slightly on Tuesday, closing at 4218 as prices extended gains from the recent low near 4000. The market remains below the 10 DMA at 4331 and the 40 DMA at 4942, indicating that the broader downtrend persists despite short-term stabilisation. Stochastics are rising, with %K at 15.65 above %D at 11.53, reflecting emerging bullish momentum from oversold conditions. The MACD diff remains negative but is converging, signalling that downward momentum is fading. A close above 4331 would confirm near-term upside potential towards 4500, while a drop below 4100 would reassert the bearish trend. Futures are showing early signs of recovery, but confirmation above the 10 DMA is essential for a shift in tone.
