NY 2nd Month Sugar Futures
NY sugar futures edged higher on Friday, settling at 14.42, but gains remained capped below key moving-average resistance. Price continues to trade beneath the 40 DMA at 14.25 and well below the 100 DMA at 15.52, keeping the broader trend biased lower despite the recent stabilisation. Stochastics are easing back from mid-range levels, with %K turning lower, suggesting fading upside momentum. The MACD diff is marginally negative and flat, indicating that bearish momentum has stalled but has not yet reversed. To confirm a more constructive near-term outlook, futures need to close back above the 40 DMA, which would open scope for a test of 15.00, followed by the 100 DMA. On the downside, a failure to hold above 14.40 would refocus attention on the recent base near 14.00. For now, the structure points to consolidation within a broader downtrend.
Ldn 2nd Month Sugar Futures
Ldn sugar futures softened into the close on Friday, ending the session at 421.60, following another rejection beneath longer-term moving averages. Price remains capped below the 40 DMA at 417.64 and the 100 DMA at 443.76, reinforcing the prevailing bearish structure. Stochastics are rolling over from mid-range territory, while the MACD diff remains negative and flat, suggesting that downside momentum persists but lacks acceleration. To confirm renewed weakness, futures need to take out support at 420, which would expose the recent low near 403. Conversely, a close back above 430 would be required to stabilise the chart and allow for a corrective recovery towards the 40 DMA. In the absence of such a move, the near-term bias remains tilted to the downside.
NY 2nd Month Coffee Futures
NY coffee futures came under renewed pressure on Friday, closing sharply lower at 325.90, decisively breaking back below the 10 DMA at 358.35 and the 40 DMA at 373.81. The move has shifted the short-term structure back into a clearly bearish configuration. Stochastics have fallen into deeply oversold territory, with %K/%D compressed near the lower bound, while the MACD diff is negative and diverging, highlighting strengthening downside momentum. While oversold conditions may limit immediate follow-through, confirmation of further weakness would come from a sustained break below 325, which would expose the 314.75 support level. Any recovery attempt is likely to be capped ahead of the 10 DMA, keeping rallies corrective for now.
Ldn 2nd Month Coffee Futures
Ldn coffee futures extended losses into the end of the week, settling at 3669, firmly below the 10 DMA at 3925, 40 DMA at 4333, and 100 DMA at 4307. The inability to reclaim these levels underscores the deteriorating trend structure. Stochastics remain deeply oversold, with %K hugging the lower bound, while the MACD diff is sharply negative and diverging, signalling persistent selling pressure. Although the oversold readings warn of potential near-term stabilisation, confirmation of further downside would come from a break below 3600, which would reopen the path towards the July lows. Any rebound is likely to meet resistance initially at 3900, leaving the broader bias decisively bearish.
NY 2nd Month Cocoa Futures
NY cocoa futures retreated on Friday, closing lower at 5882, after failing to sustain gains above the 10 DMA at 6012. Despite the pullback, prices remain above the 40 DMA at 5834, preserving a degree of medium-term support. Stochastics are easing from mid-range levels, while the MACD diff remains positive but has begun to converge, indicating that bullish momentum is slowing rather than reversing outright.To confirm renewed upside potential, futures need to reclaim the 6000–6100 area on a closing basis, which would reopen scope for a move towards 6720. On the downside, a decisive break below the 40 DMA would expose support at 5620, and would shift the near-term outlook more defensively.
Ldn 2nd Month Cocoa Futures
Ldn cocoa futures edged lower on Friday, settling at 4264, but continue to hold above the rising short-term base. Price remains capped below the 10 DMA at 4339, while longer-term resistance from the 200 DMA near 5400 continues to dominate the broader trend. Stochastics are turning lower from elevated levels, yet remain above oversold territory. The MACD diff is positive but flattening, suggesting that upside momentum is waning rather than reversing decisively. A close back above 4300 would be required to stabilise the chart and allow for a renewed test of 4700. Conversely, a break below 4200 would expose the recent support band near 4030, reinforcing a range-bound to slightly softer near-term bias.
