NY 2nd Month Sugar Futures
NY sugar futures edged slightly higher on Friday, settling at 14.57, holding above the key moving averages, including the 10 DMA at 14.23, the 40 DMA at 14.05, and the 100 DMA at 14.25, confirming that the recent recovery from the February lows continues to stabilise the short-term trend. Momentum indicators remain constructive. The MACD diff remains positive and continues to diverge, signalling that upside momentum is gradually strengthening following the earlier downtrend. Meanwhile, stochastics show %K rising to around 79 and holding above %D, placing the indicator firmly in overbought territory, reflecting strong buying pressure over recent sessions.
Price action over the past weeks suggests that the market has successfully built a base above the 13.34 support level, with a series of higher lows forming since the late-February rebound. The immediate technical focus now lies around 14.30, which previously acted as resistance and is now functioning as an important support pivot. Holding above this level would reinforce the current recovery structure and could allow futures to extend higher towards the psychological 15.00 level, the next significant resistance zone. Conversely, a move back below 14.30 would weaken the short-term bullish momentum and could trigger a pullback towards the 14.00 area and potentially the 10 DMA near 14.23. For now, the positive momentum signals and firm positioning above the moving averages suggest that the near-term outlook remains constructive, although the overbought stochastic readings may encourage some consolidation before further upside attempts.
Ldn 2nd Month Sugar Futures
Ldn sugar futures also edged higher on Friday, closing at 420.00, maintaining levels above the 10 DMA at 415.86, the 40 DMA at 411.91, and the 100 DMA at 416.83, confirming that the market continues to recover from the late-February low near 393.80. Momentum indicators point to improving short-term conditions. The MACD diff remains positive and is diverging, signalling strengthening upside momentum after the earlier sell-off. At the same time, stochastics show %K rising to around 68 and remaining close to %D, indicating steady upward momentum although the indicator is approaching the upper half of its range.
Recent price action suggests that the market is attempting to stabilise above the 420 level, which now acts as a key technical pivot following the rebound from the February lows. A sustained move above this level could allow futures to challenge the next resistance at 434, which represents the upper boundary of the recent trading range. A break above this level would strengthen the recovery structure and could open the way towards higher levels. On the downside, support remains near the moving average cluster between 412 and 416, and a move back below this zone would weaken the recovery and risk a pullback towards the 400 area, where stronger support has previously emerged. For now, momentum remains supportive, suggesting that the near-term bias remains cautiously constructive while prices hold above the moving averages.
NY 2nd Month Coffee Futures
NY coffee futures moved lower on Friday, settling at 285.15, slipping below the 10 DMA at 289.33 while remaining well under the 40 DMA at 302.09 and the 100 DMA at 340.38, reinforcing that the broader trend remains under pressure despite the brief stabilisation seen earlier in March. Momentum indicators reflect this weakening tone. The MACD diff remains positive but is beginning to flatten, suggesting that the earlier recovery momentum is fading and that upside pressure is losing strength. Meanwhile, stochastics show %K around 52 but remaining below %D, signalling that upside momentum has weakened and that the market lacks the strength needed to sustain a broader recovery.
Price action over recent sessions highlights hesitation near the 290–300 resistance zone, which continues to cap rallies. The failure to reclaim the 10 DMA suggests that the recent rebound from the February lows is losing momentum. The immediate downside focus remains the 280 support area, which has repeatedly acted as a floor in recent weeks. A break below this level could reintroduce downside pressure and expose the recent lows, potentially reopening the path towards deeper support. On the upside, futures would need to reclaim the 10 DMA and then break above the 40 DMA near 302 to confirm a stronger recovery phase, which could then open the way towards 315 and eventually the 340 region. Until these resistance levels are cleared, the market is likely to remain range-bound to slightly weaker within the broader downward structure.
Lnd 2nd Month Coffee Futures
Ldn coffee futures also weakened on Friday, closing at 3455, trading below the 10 DMA at 3683, the 40 DMA at 3790, and the 100 DMA at 4054, confirming that the market remains firmly within a bearish trend following the sharp decline seen earlier this year. Momentum indicators reflect the deterioration in short-term sentiment. The MACD diff has turned negative and continues to diverge, indicating that selling pressure is strengthening again after the brief recovery attempt earlier in the month. At the same time, the stochastics show %K falling sharply to around 28 and remaining below %D, approaching oversold territory and signalling that downside momentum has accelerated in recent sessions.
Recent price action shows a sequence of weaker candles following the failure to regain the short-term moving averages, suggesting that the market is again testing the lower end of its recent range. The immediate technical focus now lies on the 3500-3450 support zone, which has previously acted as a stabilisation area. A sustained break below this region could expose the next key support near 3166, the level seen during earlier declines. On the upside, the market would need to reclaim the 10 DMA near 3680 and then break above the 40 DMA near 3790 to signal a more meaningful recovery, which could then allow a move back towards 4000. Until such levels are regained, the overall structure suggests that downside risks remain dominant in the near term.
NY 2nd Month Cocoa Futures
NY cocoa futures edged slightly lower on Friday, closing at 3297, but the market continues to hold above the 10 DMA at 3216 while remaining below the 40 DMA at 3771 and far beneath the 200 DMA at 6404, confirming that the recent rebound remains corrective within a broader downtrend. Momentum indicators nonetheless reflect improving short-term conditions. The MACD diff remains positive and continues to diverge, suggesting that downside momentum has faded and that the market is still attempting to stabilise following the February collapse. Meanwhile, stochastics show %K rising to around 76 and holding above %D, placing the indicator in the upper range and signalling sustained near-term buying momentum.
Recent price action shows several consecutive higher candles since the late-February low near 2846, indicating that the market is gradually building a recovery base above the 3000 region, which now acts as the nearest technical support. However, the broader structure remains fragile as prices continue to trade beneath the declining trendline and the 40 DMA. A break above the 40 DMA near 3770 would be required to confirm a stronger recovery phase, which could then open the way towards 4300, the next significant resistance zone. On the downside, failure to maintain support above 3000 would weaken the stabilisation pattern and could expose the February low again. For now, the positive momentum signals suggest continued short-term recovery attempts, although the market must reclaim the 40 DMA to signal a more meaningful reversal in trend.
Ldn 2nd Month Cocoa Futures
Ldn cocoa futures also edged higher on Friday, closing at 2411, extending the recovery from the late-February low near 2015. Prices remain above the 10 DMA at 2309 but are still trading below the 40 DMA at 2650 and well under the 200 DMA at 4448, indicating that the broader trend remains bearish despite the recent rebound. Momentum indicators highlight improving short-term strength. The MACD diff remains positive and diverging, signalling that buying pressure continues to build following the earlier sell-off. At the same time, stochastics show %K rising to around 81 and remaining above %D, placing the indicator firmly in overbought territory and reflecting the strength of the current recovery.
Price action over recent sessions shows a sequence of higher closes as the market rebounds from the February lows, suggesting that a short-term base may be forming above the 2050-2100 support area, which continues to act as a key technical floor. The immediate upside focus lies around the 40 DMA near 2650, which represents the first meaningful resistance level. A break above this level would confirm stronger recovery momentum and could open the way towards the psychological 3000 area. Conversely, a move back below the 10 DMA near 2310 would weaken the recovery structure and risk renewed pressure towards 2050. For now, momentum remains constructive, although the overbought stochastic readings suggest the market may consolidate before attempting a further push higher.
