NY 2nd Month Sugar Futures
NY sugar futures stabilised into Friday’s close, settling at 15.16, as prices held above key medium‑term averages despite recent volatility. Futures are trading above the 40 DMA at 14.80 and the 100 DMA at 14.45, signalling that the rebound from the April low at 13.34 remains technically intact. The stochastics are rising, with %K/%D moving deeper into positive territory, suggesting improving upside momentum, while the MACD diff is positive and diverging, pointing to building buying pressure.
To confirm a more constructive near‑term outlook, futures need to close above the 10 DMA at 15.00 and sustain momentum through the 15.50–15.70 area, which would open scope for a renewed test of 16.00. Failure to hold above the 40 DMA would weaken the recovery signal and shift focus back towards 14.30 support, with a break below this level exposing the 13.34 low once again. For now, the indicators favour a cautiously firmer bias, but follow‑through above near‑term resistance is required to reinforce the upside view.
Ldn 2nd Month Sugar Futures
London sugar futures edged higher into Friday’s session, closing at 432.30, as prices continued to consolidate above longer‑term support. The market remains capped below the 10 DMA at 437.14, while holding comfortably above the 100 DMA at 422.87, keeping the broader recovery from the March low at 393.80 intact. The stochastics are stabilising, with %K curling higher from mid‑range levels, and the MACD diff remains positive, suggesting that downside momentum has eased despite the lack of a decisive breakout.
To confirm a return to stronger upside momentum, futures need to regain and close above the 10 DMA, which would allow a test of resistance around 445–450. On the downside, a failure to hold above the 100 DMA would signal renewed pressure and shift focus back towards the 395–400 support zone, where demand previously emerged. Recent price action reflects consolidation rather than trend reversal, and while the indicators lean moderately supportive, futures need a clear close above near‑term resistance to validate further gains.
NY 2nd Month Coffee Futures
NY coffee futures also edged higher on Friday, closing at 274.8, but the broader tone remained heavy as prices continued to trade well below key resistance levels. Futures are holding below the 10 DMA at 284.9 and the 40 DMA at 291.6, with the 100 DMA at 306.3 continuing to cap recovery attempts. The stochastics are weak, with %K/%D drifting toward oversold territory, suggesting that momentum remains fragile despite the small rebound. The MACD diff stays negative and only marginally improving, pointing to stabilisation rather than building upside momentum.
To confirm a continuation of the broader downtrend, futures need to slip back below 270 and then take out the recent low around 260, which would expose further downside towards the mid‑250s. On the upside, confirmation of near‑term stabilisation would require a close back above the 10 DMA, with a move through 291 needed to reduce downside pressure and refocus attention on the 306 level. Friday’s price action signals tentative demand emerging at lower levels, but futures need to reclaim key averages to alter the prevailing bearish outlook.
NY coffee futures edged higher on Friday, settling at 3414, as
Lnd 2nd Month Coffee Futures
Lnd coffee futures edged higher on Friday, settling at 3414, as prices stabilised after recent weakness but remained within a broadly corrective structure. Despite the modest uptick on the session, futures continue to trade below the 10 DMA at 3420 and the 40 DMA at 3436, while remaining well under the 100 DMA at 3679, keeping the medium‑term bias skewed to the downside. The stochastics are steady but lack upside conviction, with %K/%D rolling over from mid‑range levels, suggesting limited follow‑through buying interest. The MACD diff remains negative but is slowly converging, indicating that downside momentum is easing rather than reversing.
To confirm renewed downside pressure, futures need to slip back below immediate support around 3360 and then take out the key support at 3166. A break below this level would reinforce the bearish structure and reopen downside risks towards the 3000 area. On the upside, the recovery needs a sustained close above the 40 DMA to ease immediate pressure, with a move through 3500 required before the broader outlook can stabilise. For now, Friday’s green candle reflects short‑covering rather than a directional shift, and futures remain vulnerable while capped below key averages.
NY 2nd Month Cocoa Futures
NY cocoa futures sold off aggressively into Friday’s close, settling at 4182, with prices down sharply on the session and extending the broader downtrend. The move reinforces the dominant bearish structure, with futures trading well below the 200 DMA at 5414 and remaining capped below the longer‑term descending trendline. Although prices are still holding above the 40 DMA at 3455 and the 10 DMA at 3795, Friday’s decline highlights vulnerability rather than recovery. The stochastics are elevated and beginning to roll over, with %K/%D stretched near overbought territory, signalling exhaustion after the recent corrective bounce. The MACD diff remains positive but is flattening, suggesting that upside momentum is losing traction.
To confirm renewed downside pressure, futures need to break below the 10 DMA and then take out support around the 3800–3700 area. A clean break here would reopen downside risks towards the February low at 2846. On the upside, any stabilisation would require futures to reclaim and hold above 4350, though rallies are likely to face selling interest while prices remain below former support at 5000 and the 200 DMA. Overall, the price action points to a corrective rebound now fading, with risks skewed back to the downside unless support levels hold decisively.
Ldn 2nd Month Cocoa Futures
