NY 2nd Month Sugar Futures
NY sugar futures eased slightly on Thursday, closing at 15.27 after failing to reclaim the 10 DMA at 15.66. The market remains under pressure below both the 40 DMA at 16.30 and the 100 DMA at 16.68, reinforcing the prevailing downtrend. Stochastics are attempting to turn higher, with %K at 21.62 edging above %D at 23.13, signalling tentative stabilisation near oversold territory. The MACD diff is negative but converging, indicating weakening downside momentum. To confirm a recovery, futures must close above 15.70 to challenge resistance at 16.00. Conversely, a break below 15.00 would reassert bearish momentum and expose 14.70. The short-term bias remains cautious, with prices consolidating near recent lows.
Ldn 2nd Month Sugar Futures
London sugar closed slightly higher at 439.80 after finding support near 435.00. The 10 DMA (449.02) remains below the 40 DMA (459.48), both trending lower and capping upside momentum. The MACD histogram shows a slight contraction in negative territory, suggesting early signs of momentum stabilisation. Stochastics (%K: 20.22, %D: 27.07) are rising from oversold levels, hinting at potential short-term base formation near current support. A sustained break above the 10 DMA would be needed to confirm recovery potential, while failure to hold 435.00 risks a retest of deeper support levels.
NY 2nd Month Coffee Futures
NY coffee futures closed at 373.40 after failing to sustain gains above the 10 DMA at 367.45. Prices remain supported by the 100 DMA at 336.99, while the 40 DMA at 371.54 continues to act as an immediate pivot. Stochastics are steady, with %K at 55.51 just above %D at 57.44, indicating a neutral tone after prior gains. The MACD diff remains positive but is flattening, suggesting a slowdown in bullish momentum. A close above 380 would confirm renewed strength and open the path towards resistance at 393.00. On the downside, a move below 365 would expose 350. Price action remains constructive but indecisive within the current range.
Ldn 2nd Month Coffee Futures
Robusta gained to settle at 4524, marking a modest recovery candle above short-term averages. The 10 DMA (4459) and 40 DMA (4454) have converged, while the 100 DMA (4029) provides broader trend support. The MACD diff remains slightly positive (8.52), though momentum appears to have flattened. Stochastics (%K: 69.28, %D: 67.93) are near overbought territory, suggesting upside momentum may be slowing unless prices close decisively above 4664 resistance. Holding above the 10/40 DMA cluster keeps bias neutral-to-firm in the near term, with consolidation likely between 4338 and 4664.
NY 2nd Month Cocoa Futures
NY cocoa futures edged higher on Thursday, closing at 6036 and reclaiming the 10 DMA at 6035 for the first time since early September. The 40 DMA at 7016 remains the next key resistance, while the 200 DMA at 8596 defines the broader downtrend. Stochastics are rising, with %K at 23.70 above %D at 15.74, confirming improving short-term momentum from deeply oversold conditions. The MACD diff remains negative but continues to converge, suggesting selling pressure is easing. A close above 6200 would reinforce a near-term reversal and target 6700 next, while support is seen at 5900. Momentum indicators point to stabilisation, but confirmation above the 40 DMA is required to shift the broader tone.
Ldn 2nd Month Cocoa Futures
London cocoa rose to 4235, posting a small green candle off recent lows. The 10 DMA (4240) has flattened, though remains below the 40 DMA (4875) and 200 DMA (6294), maintaining the broader downtrend structure. MACD diff (-15.74) continues to contract, showing reduced downside momentum. Stochastics (%K: 22.94, %D: 16.03) are rising from oversold territory, signalling early potential for near-term stabilisation. A close above 4296 would confirm improved tone, while failure to hold above 4200 could see renewed pressure toward the recent low near 4000.
