NY 2nd Month Sugar Futures
NY sugar futures edged lower on Tuesday, closing at 13.47, extending the recent decline and remaining below all key moving averages. The 10 DMA stands at 13.75, the 40 DMA at 14.26, and the 100 DMA at 14.57, all positioned above price and trending lower, reinforcing the broader bearish structure. The stochastics are falling, with %K at 15.71, moving deeper towards oversold territory. The MACD diff is negative at -0.0549 and remains below zero, signalling continued downside pressure.
To confirm further weakness, futures need to break below the recent support zone around 13.40/13.30. On the upside, futures need to reclaim the 10 DMA at 13.75 to stabilise the near-term structure. A break above this level would open the way towards the 40 DMA at 14.26, while a broader recovery would require a move above the 100 DMA at 14.57.
Recent candles show continued pressure near the lows, with no clear reversal formation visible. The broader trend remains downward with 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 Tuesday, closing at 396.40, extending the downtrend and trading near the recent low at 393.80. Prices remain below the 10 DMA at 406.51, the 40 DMA at 417.99, and the 100 DMA at 423.70, all trending above price and confirming the bearish structure. The stochastics are falling, with %K at 17.33, approaching oversold territory. The MACD diff is negative at -1.6756, remaining below zero and indicating persistent downside momentum.
To confirm further downside, futures need to break below the recent low at 393.80. On the upside, futures need to reclaim the 10 DMA at 406.51 to stabilise the near-term outlook. A break above the 40 DMA at 417.99 would be required to shift short-term momentum, while a move above the 100 DMA at 423.70 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 weak, with 393.80 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 lower on Tuesday, closing at 283.10, extending the recent sell-off and remaining well below all key moving averages. The 10 DMA stands at 294.08, the 40 DMA at 325.80, and the 100 DMA at 354.31, all positioned above price and trending lower, reinforcing the broader bearish structure. The stochastics are falling, with %K at 17.82, moving towards oversold territory. The MACD diff is negative at -1.3036 and remains below zero, signalling persistent downside momentum.
To confirm further weakness, futures need to break below the recent support zone around 280.00. On the upside, futures need to reclaim the 10 DMA at 294.08 to stabilise the near-term structure.
Recent candles show continued selling pressure with strong bearish bodies into the lows, and no clear reversal pattern visible. The broader trend remains downward with persistent lower highs.
Lnd 2nd Month Coffee Futures
London coffee futures edged lower on Tuesday, closing at 3632, extending the decline and remaining below the 10 DMA at 3724, the 40 DMA at 3902, and the 100 DMA at 4188, all trending above price and reinforcing the bearish structure. The stochastics are rising slightly, with %K at 28.18, lifting modestly but remaining below mid-range. The MACD diff is negative at -13.3174, remaining below zero and indicating that downside pressure persists.
To confirm further downside, futures need to break below the recent support area around 3600. On the upside, futures need to reclaim the 10 DMA at 3724 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 4188 would alter the broader bias.
Recent candles show continued pressure near the lows with limited rebound structure visible. The broader technical structure remains weak, with rallies continuing to struggle below descending moving averages. The indicators 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 Tuesday, closing at 3473, extending the broader downtrend and remaining firmly below all key moving averages. The 10 DMA stands at 3990, the 40 DMA at 4992, and the 200 DMA at 6975, all positioned above price and trending lower, confirming the dominant bearish structure. Price continues to trade beneath a clearly defined descending trendline and is holding just above the recent low at 3447.00. The stochastics are falling, with %K at 7.85, deep in oversold territory. The MACD diff is negative at -30.1637 and diverging on the downside, signalling accelerating selling pressure.
To confirm further weakness, futures need to break below the recent low at 3447.00. On the upside, futures need to reclaim the 10 DMA at 3990 to stabilise the near-term structure. A break above this level would open the way towards the 40 DMA at 4992, while a broader shift in bias would require a move above the 200 DMA at 6975.
Recent candles show continued pressure near the lows with no visible reversal formation. 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 Tuesday, closing at 2473, extending losses and trading near the recent low at 2446.00. Prices remain below the 10 DMA at 2783, the 40 DMA at 3501, and the 200 DMA at 4858, 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 7.38, deep in oversold territory. The MACD diff is negative at -15.9966, remaining below zero and indicating persistent downside momentum.
To confirm further downside, futures need to break below the recent low at 2446.00. On the upside, futures need to reclaim the 10 DMA at 2783 to stabilise the near-term outlook. A break above the 40 DMA at 3501 would be required to shift short-term momentum, while a move above the 200 DMA at 4858 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 2446.00 acting as the key confirmation level. We expect futures to remain vulnerable in the near term unless the 10 DMA is reclaimed.
