NY 2nd Month Sugar Futures
NY sugar futures extended losses on Friday, closing at 14.99 after another bearish session. The 10 DMA at 15.56 remains below the 40 DMA at 16.25 and 100 DMA at 16.66, reinforcing the downward trend. The stochastics (%K: 16.22, %D: 20.83) are deep in oversold territory, signalling potential for near-term stabilisation, though no reversal has yet been confirmed. The MACD diff remains negative and diverging, suggesting continued selling pressure. A close below 15.00 would confirm further weakness toward 14.50, while a break above the 10 DMA is required to neutralise the bearish outlook. The overall tone remains weak, with downside risk prevailing in the near term.
Ldn 2nd Month Sugar Futures
London sugar futures declined on Friday, closing at 435.50 after failing to hold above the 10 DMA at 447.03. The 40 DMA at 458.47 and 100 DMA at 463.88 continue to trend lower, maintaining the broader bearish tone. The stochastics are edging lower, with %K at 18.00 and %D at 24.05, confirming the market’s position in oversold territory. Meanwhile, the MACD diff is negative and diverging further, suggesting persistent downside pressure. A close below the recent low of 430.90 would confirm renewed weakness, opening the way toward 425. On the upside, a break above 447.00 is needed to neutralise short-term momentum. The indicators point to continued softness in the near term.
NY 2nd Month Coffee Futures
Arabica futures firmed slightly on Friday, closing at 375.60 as prices continued to consolidate above the 10 DMA at 367.59. The 40 DMA at 371.81 and 100 DMA at 337.16 provide structural support to the ongoing recovery pattern. The stochastics (%K: 55.37, %D: 56.75) are steady in mid-range, suggesting limited directional conviction. Meanwhile, the MACD diff has turned mildly positive at 1.03, indicating that momentum remains balanced but slightly firmer. To confirm renewed upside, futures need to close above 393.00; a break below 350 would negate the constructive bias. The candles suggest cautious firmness, with the broader outlook steadying above recent trend support.
Ldn 2nd Month Coffee Futures
Robusta futures eased on Friday, closing at 4478 after a minor retreat below the 10 DMA at 4454. The 40 DMA sits in close alignment at 4453, creating a consolidation zone, while the 100 DMA at 4028 provides broader support. The MACD diff remains slightly positive but flat at 7.18, indicating limited momentum. Stochastics (%K: 64.90, %D: 66.99) are flattening near neutral levels, suggesting market indecision. To confirm renewed upside, futures need to break above 4664 resistance, whereas a close below 4338 would expose 4200. Candles within a tight range highlight ongoing consolidation around key moving averages.
NY 2nd Month Cocoa Futures
NY cocoa futures weakened on Friday, closing at 5962 after failing to sustain moves above the 10 DMA at 6009. The 40 DMA at 6974 and 200 DMA at 8571 continue to trend lower, underscoring the sustained downtrend. The stochastics (%K: 29.00, %D: 20.16) are rising from oversold territory, suggesting a tentative attempt to stabilise. The MACD diff remains negative but is beginning to converge, reflecting reduced downside momentum. To confirm recovery potential, prices need to close above resistance at 6210 and the 10 DMA; failure to hold current levels could see a retest of the 5800 region. Indicators point to early consolidation after prolonged weakness, but the broader structure remains under pressure.
Ldn 2nd Month Cocoa Futures
London cocoa futures softened on Friday, closing at 4161 after struggling to sustain gains above the 10 DMA at 4221. The 40 DMA at 4846 and 200 DMA at 6272 continue to trend lower, reflecting the broader downtrend. The stochastics (%K: 26.35, %D: 19.47) are rising out of oversold territory, signalling potential short-term stabilisation. Meanwhile, the MACD diff remains negative but is converging, suggesting fading downside momentum. To confirm a near-term recovery, futures need to close above resistance at 4296; failure to hold above 4100 could reignite selling pressure. Momentum indicators show tentative improvement, though the bias remains cautiously bearish until a break above the 40 DMA.
