NY 2nd Month Sugar Futures
NY sugar futures edged lower on Thursday, closing at 13.48, extending the recent decline and remaining below all key moving averages. The 10 DMA stands at 13.81, the 40 DMA at 14.31, and the 100 DMA at 14.62, all positioned above price and trending lower, reinforcing the broader bearish structure. The stochastics are falling, with %K at 16.17, approaching oversold territory. The MACD diff is negative at -0.0605 and edging lower, suggesting growing downside momentum.
To confirm further weakness, futures need to break decisively below the recent support area around 13.40/13.30. On the upside, futures need to reclaim the 10 DMA at 13.81 to stabilise the near-term structure. A break above this level would open the way towards the 40 DMA at 14.31, while a broader recovery would require a move above the 100 DMA at 14.62.
Recent candles show continued small-bodied declines near the lows, with no clear reversal pattern 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 Thursday, closing at 400.90, extending losses and trading near the recent low of 398.20. Prices remain below the 10 DMA at 411.00, the 40 DMA at 419.41, and the 100 DMA at 425.36, all trending above price and confirming the bearish structure. The stochastics are falling, with %K at 22.26, moving towards oversold territory. The MACD diff is positive at 1.3449, suggesting short-term stabilisation momentum, although MACD itself remains below zero, indicating the broader trend remains negative.
To confirm further downside, futures need to break below the recent low at 398.20. On the upside, futures need to reclaim the 10 DMA at 411.00 to stabilise the near-term outlook. A break above the 40 DMA at 419.41 would be required to shift short-term momentum, while a move above the 100 DMA at 425.36 would alter the broader bearish bias.
Recent candles show persistent selling pressure into the lows, with no clear reversal formation visible. Volume appears elevated relative to earlier sessions during the latest decline. The indicators and price structure point to continued weakness in the near term, with 398.20 acting as the key confirmation level.
NY 2nd Month Coffee Futures
NY coffee futures edged higher on Thursday, closing at 297.45, but prices remain below all key moving averages. The 10 DMA stands at 298.80, the 40 DMA at 328.76, and the 100 DMA at 355.32, all positioned above price and trending lower, maintaining the broader bearish structure. The stochastics are falling, with %K at 16.49, approaching oversold territory. The MACD diff is negative at -1.8606, remaining below zero and indicating that downside momentum is still present despite the latest uptick.
To confirm further weakness, futures need to break below the recent support zone around 290.00. On the upside, futures need to reclaim the 10 DMA at 298.80 to stabilise the near-term structure. A break above this level would open the way towards the 40 DMA at 328.76, while a broader shift in bias would require a move above the 100 DMA at 355.32.
Recent candles show a modest recovery from the lows but no clear reversal formation is visible. The broader structure still reflects lower highs and persistent selling pressure since the late-2025 peak. We expect futures to remain vulnerable in the near term unless the 10 DMA is reclaimed.
London coffee futures edged higher on Thursday, closing at 3765, but prices remain below the 10 DMA at 3772, the 40 DMA at 3902, and the 100 DMA at 4200, all of which continue to trend above price and reinforce the bearish structure. The stochastics are falling, with %K at 19.00, moving towards oversold territory. The MACD diff is positive at 25.0021, suggesting some stabilisation in short-term momentum; however, MACD remains below zero, indicating the broader trend remains negative.
To confirm further downside, futures need to break below the recent support area around 3700. On the upside, futures need to reclaim the 10 DMA at 3772 to stabilise the near-term outlook. A break above the 40 DMA at 3902 would be required to shift short-term momentum, while a move above the 100 DMA at 4200 would alter the broader bias.
Recent candles show a modest bounce from recent lows, but there is no clear reversal pattern visible. The broader technical structure remains weak, with rallies continuing to struggle below descending moving averages. The indicators and price structure suggest futures remain vulnerable in the near term unless the 10 DMA is reclaimed.
NY 2nd Month Cocoa Futures
NY cocoa futures edged lower on Thursday, closing at 3724, extending the broader downtrend and remaining firmly below all key moving averages. The 10 DMA stands at 4125, the 40 DMA at 5114, and the 200 DMA at 7028, all positioned above price and trending lower, reinforcing the dominant bearish structure. Price continues to trade beneath a clearly defined descending trendline, with the latest move holding just above the recent low of 3698.00. The stochastics are falling, with %K at 14.43, approaching oversold territory. The MACD diff is negative at -14.8034 and diverging on the downside, signalling growing selling pressure.
To confirm further weakness, futures need to break below the recent low at 3698.00. On the upside, futures need to reclaim the 10 DMA at 4125 to stabilise the near-term structure. A break above this level would open the way towards the 40 DMA at 5114, while a broader shift in bias would require a move back above the 200 DMA at 7028.
Recent candles show continued pressure near the lows with no clear reversal formation visible. The broader trend remains decisively lower. We expect futures to remain under pressure in the near term unless the 10 DMA is reclaimed.
Ldn 2nd Month Cocoa Futures
London cocoa futures edged lower on Thursday, closing at 2630, extending losses and trading close to the recent low of 2625.00. Prices remain below the 10 DMA at 2928, the 40 DMA at 3636, and the 200 DMA at 4916, all trending above price and reinforcing the bearish structure. Price continues to respect a descending trendline that has capped rallies since mid-2025. The stochastics are falling, with %K at 16.80, moving towards oversold territory. The MACD diff is negative at -4.9863, remaining below zero and indicating persistent downside momentum.
To confirm further downside, futures need to break below the recent low at 2625.00. On the upside, futures need to reclaim the 10 DMA at 2928 to stabilise the near-term outlook. A break above the 40 DMA at 3636 would be required to shift short-term momentum, while a move above the 200 DMA at 4916 would alter the broader bearish bias.
Recent candles show persistent selling pressure into the lows, with no clear reversal formation visible. The broader technical picture remains negative, with 2625 acting as the key confirmation level. We expect futures to remain vulnerable in the near term unless the 10 DMA is reclaimed.
