NY 2nd Month Sugar Futures
NY sugar futures edged higher on Tuesday, settling at 15.52, as the market maintained its recovery structure and posted a third consecutive session of gains. The green candle confirms firm intraday demand, with prices holding above the 10 DMA at 15.28, the 40 DMA at 14.85 and the 100 DMA at 14.47, reinforcing the constructive short‑term setup. The stochastics remain elevated, with %K/%D in the upper range and beginning to flatten, suggesting that upside momentum is still present but no longer accelerating. The MACD diff is positive and marginally widening, pointing to building but measured buying pressure.
To confirm continuation of the current move, futures need to hold above the 10 DMA and push through resistance around the recent highs at 15.70–15.80. A clear break above this zone would open the way towards 16.00. On the downside, a loss of momentum would be signalled by a move back below the 10 DMA, with a break through the 40 DMA at 14.85 shifting focus back towards the 14.30 support. For now, the structure remains supportive, but gains require a clean break of nearby resistance to strengthen conviction.
Ldn 2nd Month Sugar Futures
London sugar futures edged higher on Tuesday, closing at 440.20, as the market extended its recovery and moved further above key moving averages. The session printed a green candle, with prices now trading above the 10 DMA at 439.02, the 40 DMA at 434.31 and the 100 DMA at 423.14, confirming improving momentum following the rebound from the 393.80 low. The stochastics are turning higher from mid‑range levels, with %K/%D rising, suggesting strengthening upside momentum. The MACD diff remains positive and is beginning to widen, indicating that buying pressure is gradually building.
To confirm a continuation higher, futures need to hold above the 10 DMA and break through resistance around 445, which would open scope for a test of the 455–460 area. On the downside, a failure to hold above the 10 DMA would signal a loss of short‑term momentum, with a move back towards the 40 DMA at 434 likely. A break below this level would expose the 100 DMA at 423. For now, price action reflects a steady recovery, with improving indicators, but further gains need confirmation through a sustained move above nearby resistance.
NY 2nd Month Coffee Futures
NY coffee futures held their nerve on Tuesday, settling at 280.15, with the session printing a red candle as prices closed below the open but held above the previous session's close. Futures remain below the 10 DMA at 283.23, the 40 DMA at 291.21 and the 100 DMA at 304.82, confirming that the broader structure remains skewed to the downside. The inability to reclaim short‑term averages continues to cap recovery attempts. The stochastics are falling, with %K/%D drifting lower from mid‑range levels, suggesting fading momentum, while the MACD diff remains negative, indicating that selling pressure is still present despite recent consolidation.
To confirm continuation of the downside move, futures need to take out support around 275 and then break below the 270 area. A move through this zone would expose further losses towards 260. On the upside, to stabilise, futures need to regain the 10 DMA and then push through the 40 DMA at 291, which would be required to ease immediate downside pressure. For now, the technical setup remains weak, with rallies likely to struggle below key moving averages.
Lnd 2nd Month Coffee Futures
London coffee futures followed a similar pattern on Tuesday, closing at 3482, with the session printing a red candle and failing to sustain recent gains. Futures continue to trade below the 40 DMA at 3431? correction: price is slightly above 40 DMA (3431) but still below the 100 DMA at 3670, highlighting a mixed short‑term recovery within a broader corrective structure. The 10 DMA at 3427 is providing near‑term support, but the market has yet to generate sustained upside momentum. The stochastics are rising, with %K/%D in the upper half of the range, suggesting some underlying support, while the MACD diff has turned positive, indicating that bearish momentum has eased.
To confirm a stronger recovery, futures need to build on current levels and break above resistance around 3600, which would then open the way towards the 100 DMA. On the downside, a break below the 10 DMA would weaken the recovery signal and shift focus back towards the key support at 3166. While indicators show some improvement, Tuesday’s lower close highlights that buying interest remains fragile and that the broader trend has yet to turn.
NY 2nd Month Cocoa Futures
NY cocoa futures edged lower on Tuesday, settling at 4587, with the session printing a red candle as prices eased after the recent recovery. Despite the pullback, futures remain above the 10 DMA at 4057 and the 40 DMA at 3520, indicating that the short‑term rebound from earlier lows is still intact. However, prices continue to trade well below the 200 DMA at 5386, reinforcing that the broader trend remains corrective. The stochastics are elevated, with %K/%D in overbought territory and beginning to flatten, suggesting that upside momentum is stretched. The MACD diff remains positive and wide, pointing to strong but potentially peaking buying pressure.
To confirm a loss of momentum, futures need to slip back below the 10 DMA, which would expose a move towards the 4300 area and then the 4050 support zone. A break below this level would weaken the recovery structure and refocus attention on deeper downside risks. On the upside, the market needs to recover and hold above 4700 to resume the move higher, with a push beyond this level opening the way towards the psychological 5000 area. For now, Tuesday’s decline suggests the rebound is losing some traction, although the broader recovery remains intact while prices hold above key short‑term averages.
Ldn 2nd Month Cocoa Futures
