NY 2nd Month Sugar Futures
NY sugar futures firmed slightly on Tuesday, closing at 13.86. The market remains within a clear downtrend, with prices below the 10 DMA at 13.92, 40 DMA at 15.17, and 100 DMA at 16.20, keeping the bearish bias intact. The MACD diff is positive (+0.02), with the MACD line crossing above the signal line, suggesting downside momentum is easing. Stochastics are rising modestly from oversold, with %K at 17.54 above %D at 13.94, indicating early signs of recovery. Immediate resistance is located at 13.92 (10 DMA) and stronger resistance at 15.17 (40 DMA). Support remains at 13.70 and then 13.00. While the broader structure stays negative, the positive MACD crossover and rising stochastics point to a potential period of consolidation or mild recovery near current levels.
Ldn 2nd Month Sugar Futures
London sugar futures edged higher on Tuesday, closing at 409.20. The price remains below all key moving averages: the 10 DMA at 409.20, 40 DMA at 435.90, and 100 DMA at 455.61, leaving the broader trend negative. The MACD diff is negative (–0.13), with the MACD line still below the signal line, suggesting that bearish momentum persists but is beginning to flatten. The stochastics are rising modestly, with %K at 26.72 above %D at 18.08, indicating early signs of stabilisation from oversold territory. Resistance is seen at 434.30 and 464.00, while immediate support lies near 403.40, followed by 400.00. Overall, prices remain under downward pressure, though the improving stochastics and flattening MACD hint that the selloff may be losing momentum.
NY 2nd Month Coffee Futures
NY coffee futures climbed on Tuesday to settle at 399.30, extending their recent advance. The price stands above the 10 DMA at 383.91, 40 DMA at 371.49, and 100 DMA at 344.01, confirming the medium-term uptrend remains in force. The MACD diff is positive (+1.37), and the MACD line continues to rise above the signal line, affirming firm bullish momentum. The stochastics are elevated, with %K at 75.74 above %D at 63.61, showing sustained upside strength but approaching overbought territory. Resistance remains at 407.90, with a break above this likely to target the 426.70 high. Support lies at 393.01 and then 383.91 (10 DMA). The overall structure remains constructive, with momentum indicators supporting continued gains while prices hold above short-term averages.
Ldn 2nd Month Coffee Futures
Robusta weakened, slipping back to 4503 and failing to reclaim the 10 DMA at 4,616. Price still holds above the 40 DMA at 4,452 and the 100 DMA at 4,099, but near-term tone has softened. MACD diff is negative (–12) and has turned lower, signalling fading upside momentum. Stochastics are easing with %K (~39) below %D (~51), reinforcing the loss of impetus. Immediate resistance sits at 4664; a close above is needed to re-energise the advance. Support is at 4338, then the 100 DMA at 4099. For now, signals point to consolidation with downside risk while below the 10 DMA.
NY 2nd Month Cocoa Futures
NY cocoa futures weakened further on Tuesday, closing at 5929. The price remains below the 10 DMA at 6278, 40 DMA at 6405, and 200 DMA at 8193, confirming that the broader downtrend remains dominant. The MACD diff is negative (–46.64), and the MACD line sits below the signal line, reflecting continued bearish momentum. The stochastics are falling, with %K at 34.99 below %D at 49.30, reinforcing short-term downside pressure. Key support lies at 5800, while resistance is seen at 6210 and 6405 (40 DMA).
Although prices have extended losses, proximity to recent lows suggests the market may soon test support, with any recovery attempt dependent on a sustained move back above the 10 DMA.
Ldn 2nd Month Cocoa Futures
London cocoa futures declined further on Tuesday, closing at 4202, extending losses after failing to hold above short-term resistance. Prices remain below the 10 DMA at 4515, 40 DMA at 4526, and well under the 200 DMA at 5913, keeping the overall tone bearish. The MACD diff is positive (+56.57), but the lines are converging, indicating waning bullish divergence as the market softens. The stochastics are falling, with %K at 33.71 below %D at 50.55, reinforcing weakening short-term momentum. Immediate support is at 4200, while resistance is seen at 4489 and 4698. Although the MACD remains positive, the overall setup points to a vulnerable tone, with further weakness likely unless support at 4200 holds.
