NY 2nd Month Sugar Futures
NY sugar futures edged lower on Tuesday, closing at 13.74, remaining below all key short- and medium-term DMAs. The 10 DMA is positioned at 13.97, the 40 DMA at 14.37, and the 100 DMA at 14.67, all trending above price, reinforcing the broader bearish structure. The stochastics are falling, with %K at 22.5457, moving back towards oversold territory. The MACD diff is negative at -0.0431 and edging lower, suggesting continued downside pressure.
To confirm the outlook for lower prices, futures need to break below the recent support area around 13.70. On the upside, futures need to reclaim the 10 DMA at 13.97 before testing the 40 DMA at 14.37. A close above the 40 DMA would be required to stabilise the short-term structure and challenge the 100 DMA at 14.67.
Candle structure shows relatively small bodies near recent lows, but no clear reversal pattern is visible. The broader trend remains downward, with lower highs and lower lows intact. We expect futures to remain under pressure in the near term unless the 10 DMA is reclaimed.
Ldn 2nd Month Sugar Futures
London sugar futures edged lower on Tuesday, closing at 409.50, extending weakness below the 10 DMA at 413.76, the 40 DMA at 420.51, and the 100 DMA at 426.23. The price structure continues to show a series of lower highs since the late-2025 peak.The stochastics are falling, with %K at 34.08, pointing lower but not yet oversold. The MACD diff is negative at -0.6471 and diverging on the downside, signalling growing selling momentum.
To confirm further downside, futures need to break below the 403.40 recent low. On the upside, futures need to reclaim the 10 DMA at 413.76, followed by the 40 DMA at 420.51, to stabilise the near-term outlook. A move above the 100 DMA at 426.23 would be required to shift the broader bias.
Recent candles show small-bodied consolidation just above 403–410, but no clear reversal formation is visible. Volume appears elevated on recent declines relative to prior sessions, suggesting supply remains present. The indicators and DMA positioning point to continued weakness in the near term, with 403.40 acting as the key confirmation level.
NY 2nd Month Coffee Futures
NY coffee futures edged lower on Tuesday, closing at 290.70, extending the recent sell-off and remaining firmly below all key moving averages. The 10 DMA stands at 306.26, the 40 DMA at 332.24, and the 100 DMA at 356.69, all positioned well above price and sloping lower, reinforcing the broader bearish structure. The stochastics are falling, with %K at 8.90, deep in oversold territory. The MACD diff is negative at -3.3744 and continues to diverge on the downside, signalling sustained selling momentum.
To confirm further downside, futures need to break decisively below the current low area around 290.00. A sustained move lower could expose 280.00. On the upside, futures need to reclaim the 10 DMA at 306.26 to stabilise the near-term structure. A break above this level would open the way towards the 40 DMA at 332.24, while a broader recovery would require a move back above the 100 DMA at 356.69.
Recent candles show strong bearish bodies into the 290 area, with little evidence of reversal structure. Although stochastics are oversold, there is no clear bullish divergence visible. The indicators and price structure point to continued weakness in the near term unless 306 is reclaimed.
Ldn 2nd Month Coffee Futures
London coffee futures edged lower on Tuesday, closing at 3683, extending the pullback and remaining below the 10 DMA at 3844, the 40 DMA at 3913, and the 100 DMA at 4210. The broader structure continues to show lower highs since the late-2025 peak. The stochastics are falling, with %K at 14.50, approaching oversold territory. The MACD diff is negative at -36.7693, remaining below zero and pointing to ongoing downside pressure.
To confirm further weakness, futures need to break below the recent low area around 3650. A decisive break could expose 3250. On the upside, futures need to reclaim the 10 DMA at 3844 to stabilise the near-term outlook. A break above the 40 DMA at 3913 would be required to shift short-term momentum, while a move above the 100 DMA at 4210 would alter the broader bias.
Recent candles show a renewed push lower following a brief recovery attempt into the 10 DMA. There is no clear reversal formation visible. Volume appears elevated relative to prior sessions during the latest decline. The indicators and DMA positioning point to further weakness in the near term, with the recent lows acting as the key confirmation level.
NY 2nd Month Cocoa Futures
NY cocoa futures edged lower on Tuesday, closing at 3871, remaining firmly below all major moving averages. The 10 DMA stands at 4210, the 40 DMA at 5228, and the 200 DMA at 7082, all positioned well above price and sloping lower, confirming the dominant bearish trend. Price continues to trade beneath a clearly defined descending trendline, with the latest move pressing towards the recent low of 3832.00. The stochastics are rising modestly, with %K at 27.71, recovering from oversold territory but still below mid-range. The MACD diff is negative at -1.0775, with momentum still below zero, signalling that downside pressure remains intact despite some stabilisation.
Recent candles show small-bodied consolidation near the lows, but there is no clear bullish reversal formation visible. The broader trend remains decisively lower. Futures need to reclaim the 10 DMA at 4210 to stabilise the near-term structure. A break above this level would open the way towards the 40 DMA at 5228, while a broader shift in bias would require a move back above the 200 DMA at 7082.
We expect futures to remain under pressure in the near term unless 4210 is reclaimed.
Ldn 2nd Month Cocoa Futures
London cocoa futures edged lower on Tuesday, closing at 2778, extending the broader downtrend and remaining below all key moving averages. The 10 DMA stands at 2976, the 40 DMA at 3720, and the 200 DMA at 4953, all trending above price and reinforcing the bearish structure. Price has recently tested the low at 2764.00, with the market trading just above this level. A descending trendline remains intact, capping recoveries. The stochastics are rising, with %K at 35.38, lifting out of oversold territory. The MACD diff is positive at 7.4234, suggesting some short-term momentum stabilisation; however, MACD remains below the zero line, indicating that the broader trend remains negative.
Recent candles show continued weakness into the lows, with limited evidence of reversal structure. The broader technical picture remains negative, with 2764 acting as the key confirmation level. Futures need to reclaim the 10 DMA at 2976 to stabilise the near-term outlook. A break above the 40 DMA at 3720 would be required to shift short-term momentum, while a move above the 200 DMA at 4953 would alter the broader bearish bias.
We expect futures to remain vulnerable in the near term unless the 10 DMA is reclaimed.
