NY 2nd Month Sugar Futures
NY sugar futures extended losses on Friday, closing at 13.73, maintaining a firmly bearish structure. Prices remain below the 10 DMA at 13.96, 40 DMA at 15.31, and 100 DMA at 16.25, underscoring sustained downside momentum. The MACD diff is negative, with the MACD line below the signal line, confirming continued bearish momentum. The stochastics are deeply oversold, with %K at 9.88 below %D at 12.13, showing little sign of recovery despite stretched conditions. Immediate resistance is seen at 13.96, followed by stronger resistance at 15.62. A close below 13.70 would reinforce weakness and expose fresh downside towards the 13.00 level. The trend remains firmly lower, though oversold conditions suggest that momentum may begin to stabilise near support.
Ldn 2nd Month Sugar Futures
London sugar futures held steady on Friday, closing at 405.90 after briefly touching a low of 403.40 earlier in the week. The price remains entrenched below the 10 DMA at 410.06, the 40 DMA at 438.57, and the 100 DMA at 456.73, maintaining the prevailing downtrend. The MACD diff is negative, with the MACD line below the signal line, confirming sustained bearish momentum. The stochastics (%K at 11.25) are deeply oversold but still below %D (11.56), suggesting downside momentum remains intact despite the extended selloff. Immediate resistance is at 410.06, followed by 434.30 and 464.00. A close below 403.40 would reopen downside pressure towards 400.00 and potentially 380.00. Overall, sentiment remains weak, with oversold readings hinting at possible short-term stabilisation, but no clear reversal signals yet.
NY 2nd Month Coffee Futures
NY coffee futures edged higher on Friday, closing at 385.85. The price now sits above both the 10 DMA at 378.16 and the 40 DMA at 372.36, while remaining comfortably above the 100 DMA at 342.46, keeping the broader tone constructive. The MACD diff is positive and the MACD line remains above the signal line, signalling that bullish momentum is intact. The stochastics are steady, with %K at 54.68 above %D at 46.65, reinforcing upside bias as momentum continues to build. Resistance remains at 393.01, followed by 407.90 and the broader range top at 426.70. Support lies at 372.36 (40 DMA) and then 350. The setup remains constructive, with near-term gains likely to continue while prices hold above the 40 DMA.
Ldn 2nd Month Coffee Futures
Robusta futures firmed on Friday, closing at 4468, gaining modestly within the broader consolidation range. The contract remains above the 10 DMA at 4594, the 40 DMA at 4461, and the 100 DMA at 4075, reinforcing a constructive medium-term tone. The MACD diff is slightly positive, with the MACD line holding above the signal line, signalling continued underlying bullish momentum. The stochastics are stable, with %K at 58.56 above %D at 55.99, indicating that upside momentum is still in place. Resistance remains at 4664, and a close above this would confirm renewed strength and open the way towards 5369. Support sits at 4338 and 4075. Futures remain rangebound but with a firm underlying tone, and sustained closes above 4664 would mark a clear resumption of the upward bias.
NY 2nd Month Cocoa Futures
NY cocoa futures retreated to 6143 on Friday, reversing part of the prior week’s recovery. The price remains below the 10 DMA at 6288, the 40 DMA at 6475, and the 200 DMA at 8246, reinforcing the prevailing bearish bias. However, the MACD diff is positive (+56.46), with the MACD line above the signal line, suggesting that downside momentum is easing even as consolidation persists. The stochastics are softening slightly, with %K at 52.39 below %D at 61.18, indicating fading short-term momentum after recent gains. Immediate resistance sits at 6475 (40 DMA), followed by 6720 and 7336. Support is located at 6210, and a close below this level would reopen downside risks toward 5800. The broader trend remains weak, though positive MACD divergence continues to hint at an emerging base within the recent range.
Ldn 2nd Month Cocoa Futures
London sugar futures softened on Friday, closing at 405.90 after briefly touching a low of 403.40 earlier in the week. The price remains entrenched below the 10 DMA at 410.06, the 40 DMA at 438.57, and the 100 DMA at 456.73, maintaining the prevailing downtrend. The MACD diff is negative, with the MACD line below the signal line, confirming sustained bearish momentum. The stochastics (%K at 11.25) are deeply oversold but still below %D (11.56), suggesting downside momentum remains intact despite the extended selloff. Immediate resistance is at 410.06, followed by 434.30 and 464.00. A close below 403.40 would reopen downside pressure towards 400.00 and potentially 380.00. Overall, sentiment remains weak, with oversold readings hinting at possible short-term stabilisation, but no clear reversal signals yet.
