NY 2nd Month Sugar Futures
NY sugar futures edged lower on Friday, settling at 15.29, with the session printing a softer close and confirming a pullback on the day. Prices are now back below the 10 DMA at 15.46, but remain above the 40 DMA at 14.89 and the 100 DMA at 14.50, suggesting the broader recovery structure is still intact despite the loss of near-term momentum.
The stochastics are easing, with %K at 60.15 below %D at 69.06, indicating that upside momentum is fading from elevated levels. The MACD diff remains positive at 0.066, but is not extending meaningfully, which is consistent with a consolidation phase after the recent rebound.
To confirm a deeper pullback, futures need to remain below the 10 DMA and then take out support at the 40 DMA at 14.89. A break below this level would shift focus back towards 14.30, with 13.34 as the next key support beneath that. On the upside, futures need to regain and close above the 10 DMA at 15.46, and then push through the recent highs around 15.80 to confirm renewed upside momentum towards 16.00. For now, Friday’s decline signals cooling momentum, but the broader recovery remains supported while prices hold above the 40 and 100 DMAs.
Ldn 2nd Month Sugar Futures
London sugar futures also moved lower on Friday, closing at 439.00, confirming a weaker session and a clear drop on the day. Prices are below the 10 DMA at 441.15, but remain above the 40 DMA at 436.11 and the 100 DMA at 423.97, indicating that the pullback is occurring within an improving medium-term structure.
The stochastics are neutral-to-soft, with %K at 50.67 below %D at 53.32, suggesting easing momentum rather than fresh buying appetite. The MACD diff remains positive at 0.744, pointing to underlying support, although the latest price action shows near-term hesitation below the 10 DMA.
To confirm further downside, futures need to break below the 40 DMA at 436.11. A move through this level would expose 434.30, and then the 100 DMA at 423.97 as the next key support. On the upside, futures need to regain and close above the 10 DMA at 441.15, with a further push above 445 required to reassert the recovery and refocus attention on the mid-450s. For now, the indicators still lean supportive in the background, but Friday’s drop keeps the market vulnerable unless prices reclaim the short-term average.
NY 2nd Month Coffee Futures
NY coffee futures fell sharply on Friday, settling at 266.90, with a large negative daily change and a clear bearish candle, confirming an acceleration in downside pressure. The move marks a continuation of the broader downtrend, with prices trading decisively below the 10 DMA at 279.30, the 40 DMA at 289.58 and the 100 DMA at 302.87. The failure to hold recent consolidation levels reinforces the bearish structure and highlights renewed selling momentum.
The stochastics are falling, with %K/%D in the lower range around the low 20s, indicating weak momentum and no signs of a recovery signal. The MACD diff remains negative and is not showing meaningful convergence yet, suggesting that downside momentum is still active rather than stabilising.
To confirm continuation lower, futures need to take out support around 260, which would open the way towards the 250 area. On the upside, any stabilisation requires a move back above the 10 DMA at 279, with a break through the 40 DMA needed to signal a meaningful shift in momentum. For now, the sharp drop reinforces the bearish outlook, with little technical evidence of a base forming.
Lnd 2nd Month Coffee Futures
London coffee futures edged lower on Friday, closing at 3487, with a modest negative daily change and a relatively contained candle compared to the move in New York. Despite the softer close, futures remain marginally above the 10 DMA at 3440 and the 40 DMA at 3434, suggesting that near‑term support is still holding. However, prices continue to trade below the 100 DMA at 3665, keeping the broader structure tilted to the downside.
The stochastics are holding in the mid‑to‑upper range, with %K/%D around the mid‑60s and starting to flatten, indicating that upward momentum is no longer strengthening. The MACD diff remains positive, pointing to residual support from the recent recovery, although it is not clearly expanding, which suggests a lack of follow‑through buying.
To confirm further downside, futures need to break below the 10 and 40 DMA cluster around 3440–3430, which would expose support at 3166. On the upside, a move above 3550 would be needed to rebuild momentum and attempt a test of the 100 DMA. For now, price action reflects a mild pullback within a fragile recovery, contrasting with the sharper weakness seen in NY.
NY 2nd Month Cocoa Futures
NY cocoa futures edged lower on Friday, settling at 4085, with a modest red candle confirming a softer close and continuation of the recent downturn. The move follows a brief recovery attempt that failed to sustain above the recent highs, leaving the broader structure still corrective. Futures are trading below the 10 DMA at 4275 but remain above the 40 DMA at 3585, indicating that short‑term momentum has weakened while the medium‑term base is still holding. Prices remain well below the 200 DMA at 5336, reinforcing the longer‑term bearish backdrop.
The stochastics are easing, with %K around 63 declining below %D near 74, suggesting that upward momentum is fading after becoming stretched. The MACD diff remains positive but is flattening, pointing to slowing buying pressure rather than a renewed upside push.
To confirm continuation of the downturn, futures need to remain below the 10 DMA and break below support at 4000, which would expose a move towards the 40 DMA at 3585. A break below this level would reinforce the broader bearish structure. On the upside, futures need to reclaim the 10 DMA and push back above 4300 to stabilise and attempt a renewed recovery. For now, the price action reflects a loss of momentum within a fragile rebound, with risks tilted lower.
Ldn 2nd Month Cocoa Futures
