NY 2nd Month Sugar Futures
NY sugar futures rebounded strongly on Tuesday, settling at 15.46, with a clear positive daily change and a firm green candle signalling renewed buying interest after recent volatility. The move higher saw prices reclaim the 10 DMA at 15.37 while remaining comfortably above the 40 DMA at 14.87 and the 100 DMA at 14.52, confirming that the broader recovery structure is intact and regaining momentum. The strength of the session suggests that the recent pullback has found support and that demand has returned at lower levels.
The stochastics are turning higher, with %K at 53.35 moving up towards %D at 59.72, indicating improving upside momentum after easing from prior highs. The MACD diff is positive and stabilising, pointing to underlying buying pressure rebuilding following the recent consolidation phase.
To confirm continuation of the rebound, futures need to hold above the 10 DMA and push through resistance around 15.70–15.80, which would open the way towards 16.00. On the downside, a failure to maintain levels above the 10 DMA would signal a loss of momentum, with a move back towards the 40 DMA at 14.87 likely. For now, the strong rebound supports a constructive near‑term outlook, with indicators pointing to improving momentum.
Ldn 2nd Month Sugar Futures
London sugar futures also rebounded strongly on Tuesday, closing at 441.00, with a solid positive daily change confirming a firm recovery on the session. The market reclaimed the 10 DMA at 439.02 and continues to trade above the 40 DMA at 435.94 and the 100 DMA at 424.30, reinforcing the strength of the current recovery phase. The candle structure reflects clear buying interest and a decisive bounce from recent lows.
The stochastics are stabilising and turning higher, with %K at 47.33 close to %D at 49.43, suggesting that momentum is transitioning from neutral to supportive. The MACD diff remains positive and stable, indicating that underlying buying pressure is intact, even though the pace of the move is moderate.
To confirm further upside, futures need to hold above the 10 DMA and break through resistance around 445, which would allow a retest of the 455–460 region. On the downside, a move back below the 10 DMA would signal fading momentum and shift focus towards the 40 DMA at 435.94. For now, the strong rebound signals that the market is regaining traction, with momentum indicators beginning to support further gains.
NY 2nd Month Coffee Futures
NY coffee futures held their nerve on Tuesday, settling at 262.15, with the session printing a lower close on the day but showing intraday recovery after opening weaker. The candle structure reflects buying interest emerging at lower levels, although not strong enough to fully reverse the session’s declines. Futures remain firmly below the 10 DMA at 274.41, the 40 DMA at 287.68 and the 100 DMA at 301.48, confirming that the broader structure remains bearish despite the intraday stabilisation.
The stochastics are weak, with %K at 16.62 below %D at 21.92 and both in oversold territory, suggesting that downside momentum is still dominant, although nearing exhaustion. The MACD diff remains negative, indicating that selling pressure persists despite the partial recovery into the close.
To confirm a continuation lower, futures need to break below support at 260, which would expose further downside towards the 250 area. On the upside, the market needs to recover above the 10 DMA at 274.41 to ease immediate pressure, with a move through the 40 DMA required to signal a more meaningful shift in momentum. For now, price action reflects early signs of stabilisation from oversold levels, but the broader trend remains under pressure.
Lnd 2nd Month Coffee Futures
London coffee futures edged higher on Tuesday, closing at 3345, with a small positive daily change and a modest green candle indicating a slight rebound after recent weakness. Despite the uptick, futures remain below the 10 DMA at 3431, highlighting that near‑term resistance continues to cap recovery attempts. However, prices are holding close to the 40 DMA at 3415, suggesting that the market is attempting to stabilise after the recent downturn. The 100 DMA at 3654 continues to define the broader bearish structure.
The stochastics are turning slightly higher from lower levels, with %K at 28.38 below %D at 42.26, signalling tentative improvement but still limited upside momentum. The MACD diff remains negative, indicating that underlying selling pressure has not yet reversed.
To confirm a stronger recovery, futures need to reclaim the 10 DMA and then push above the 40 DMA, which would open the way towards 3500. On the downside, a failure to hold current levels and a break below 3300 would signal renewed weakness and refocus attention on the 3166 support. For now, the rebound appears tentative, with the market consolidating after recent losses rather than signalling a clear reversal.
NY 2nd Month Cocoa Futures
NY cocoa futures edged higher on Tuesday, closing at 3985 (+2.94%), as the market attempted to stabilise following the recent downturn. Despite the firmer close, futures remain below the 10 DMA at 4265, confirming that near-term momentum is still capped, while holding above the 40 DMA at 3617. Prices also remain well below the 200 DMA at 5299, keeping the broader backdrop corrective.
Momentum indicators point to consolidation rather than a clean turn. The stochastics remain subdued, with %K at 35.92 below %D at 54.80, signalling that upside momentum is still lacking despite the bounce. The MACD diff is negative at -22.70, suggesting that bearish momentum remains in place even as price action improves modestly.
To confirm a more durable recovery, futures need to reclaim and close above the 10 DMA at 4265, which would shift focus back towards resistance around 4750. A break above that level would be required to suggest the downturn has fully paused. On the downside, failure to hold above the 40 DMA at 3617 would confirm a renewed deterioration in structure and reopen downside risks towards the 2846 low. For now, Tuesday’s gain looks like consolidation after the sell-off, with confirmation still needed through a close back above the 10 DMA.
Ldn 2nd Month Cocoa Futures
