NY 2nd Month Sugar Futures
NY sugar futures held steady on Friday, closing at 13.49, but prices remain below all key moving averages. The 10 DMA stands at 13.78, the 40 DMA at 14.29, and the 100 DMA at 14.59, all positioned above price and trending lower, reinforcing the broader bearish structure. The stochastics are falling, with %K at 16.34, moving deeper towards oversold territory. The MACD diff is negative at -0.0592 and remains below zero, signalling continued downside pressure.
To confirm further weakness, futures need to break below the recent support area around 13.40/13.30. On the upside, futures need to reclaim the 10 DMA at 13.78 to stabilise the near-term structure. A break above this level would open the way towards the 40 DMA at 14.29, while a broader recovery would require a move above the 100 DMA at 14.59.
Recent candles show small-bodied trading near the lows, suggesting limited buying conviction. The broader trend remains downward with lower highs and persistent selling pressure. We expect futures to remain vulnerable in the near term unless the 10 DMA is reclaimed.
Ldn 2nd Month Sugar Futures
London sugar futures edged lower on Friday, closing at 397.10, extending the recent decline and trading just above the recent low of 394.70. Prices remain below the 10 DMA at 409.77, the 40 DMA at 418.83, and the 100 DMA at 424.79, all trending above price and confirming the bearish structure. The stochastics are falling, with %K at 17.77, approaching oversold territory. The MACD diff is negative at -1.733, remaining below zero and indicating persistent downside momentum.
To confirm further downside, futures need to break below the recent low at 394.70.On the upside, futures need to reclaim the 10 DMA at 409.77 to stabilise the near-term outlook. A break above the 40 DMA at 418.83 would be required to shift short-term momentum, while a move above the 100 DMA at 424.79 would alter the broader bearish bias.
Recent candles show continued pressure near the lows, with no clear reversal formation visible. The broader technical picture remains weak, with 394.70 acting as the key confirmation level. We expect futures to remain under pressure in the near term unless the 10 DMA is reclaimed.
NY 2nd Month Coffee Futures
NY coffee futures edged higher on Friday, closing at 298.30, holding just above the 10 DMA at 297.28, but remaining below the 40 DMA at 327.41 and the 100 DMA at 354.82, which continue to trend above price and reinforce the broader bearish structure. The stochastics are rising, with %K at 23.01, lifting from oversold territory. The MACD diff is negative at -1.0237, remaining below zero but flattening, suggesting downside momentum is stabilising rather than accelerating.
To confirm near-term stabilisation, futures need to hold above the 10 DMA at 297.28 and break above resistance at 314.75. A move above this level could open the way towards the 40 DMA at 327.41. On the downside, a failure to hold above the 10 DMA would expose the recent low area around 280.
Recent candles show a modest rebound from recent lows, but there is no confirmed reversal pattern visible. The broader structure still reflects lower highs and persistent selling pressure since the late-2025 peak. The indicators suggest stabilisation in the near term, but futures need to clear 314.75 to confirm a shift in momentum.
Lnd 2nd Month Coffee Futures
London coffee futures edged higher on Friday, closing at 3800, extending a modest rebound but still trading below the 40 DMA at 3901 and the 100 DMA at 4197, which remain above price and continue to trend lower. Futures are, however, holding above the 10 DMA at 3749, indicating short-term stabilisation. The stochastics are rising, with %K at 26.92, lifting from near oversold territory. The MACD diff is negative at -15.4242, remaining below zero but flattening, signalling that downside momentum is easing.
To confirm a recovery in the near term, futures need to break above the 40 DMA at 3901, which could then open the way towards resistance at 4338. On the downside, futures need to hold above the 10 DMA at 3749. A break below this level would expose 3500.
Recent candles show a stabilisation phase after the recent decline, with smaller bodies suggesting reduced selling pressure. However, the broader structure remains weak while price trades below the 40 and 100 DMAs. The indicators suggest stabilisation rather than reversal, with confirmation required through a break above 3901.
NY 2nd Month Cocoa Futures
NY cocoa futures edged lower on Friday, closing at 3673, extending the broader downtrend and remaining firmly below all key moving averages. The 10 DMA stands at 4070, the 40 DMA at 5055, and the 200 DMA at 7002, all positioned above price and trending lower, confirming the dominant bearish structure. Price continues to trade beneath a clearly defined descending trendline, with the latest move holding just above the recent low at 3652.00.
The stochastics are falling, with %K at 10.49, deep in oversold territory. The MACD diff is negative at -19.1947 and diverging on the downside, signalling increasing selling pressure. To confirm further weakness, futures need to break below the recent low at 3652.00. On the upside, futures need to reclaim the 10 DMA at 4070 to stabilise the near-term structure. A break above this level would open the way towards the 40 DMA at 5055, while a broader shift in bias would require a move back above the 200 DMA at 7002.
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 Friday, closing at 2586, extending losses and trading just above the recent low at 2571.00. Prices remain below the 10 DMA at 2892, the 40 DMA at 3592, and the 200 DMA at 4897, 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 12.06, moving deeper towards oversold territory. The MACD diff is negative at -10.2874, remaining below zero and indicating persistent downside momentum.
To confirm further downside, futures need to break below the recent low at 2571.00. On the upside, futures need to reclaim the 10 DMA at 2892 to stabilise the near-term outlook. A break above the 40 DMA at 3592 would be required to shift short-term momentum, while a move above the 200 DMA at 4897 would alter the broader bearish bias.
Recent candles show continued selling pressure into the lows, with no clear reversal formation visible. The broader technical picture remains negative, with 2571 acting as the key confirmation level. We expect futures to remain vulnerable in the near term unless the 10 DMA is reclaimed.
