NY 2nd Month Sugar Futures
NY sugar futures edged lower on Tuesday, settling at 14.52, as prices slipped below the 100 DMA at 14.55. Futures are now trading below all three key moving averages — the 10 DMA at 14.66, the 40 DMA at 14.75 and the 100 DMA — which marks a deterioration in the technical picture and places the market in a vulnerable position. The 14.30 support level is now the key reference on the downside.
The stochastics are weak, with %K at 29.47 below %D at 30.57, indicating that downside momentum remains in place and is approaching oversold territory. The MACD diff is negative at -0.07 and widening, confirming that selling pressure continues to build.
To confirm further downside, futures need to remain below the 100 DMA and break through the 14.30 support, which would expose a move towards the April low at 13.34. On the upside, a recovery requires a close back above the 100 DMA and then the 10 DMA at 14.66 to ease immediate pressure. For now, the loss of all three moving averages is a bearish development, and futures need to hold 14.30 to prevent a deeper retracement.
Ldn 2nd Month Sugar Futures
London sugar futures edged lower on Tuesday, closing at 439.30, as the market pulled back marginally from recent levels. Despite the softer close, futures remain above all key moving averages — the 10 DMA at 437.66, the 40 DMA at 433.97 and the 100 DMA at 426.27 — confirming that the broader recovery structure from the 393.80 low is intact.
The stochastics are constructive, with %K at 65.12 above %D at 61.40, indicating improving upside momentum. The MACD diff has just turned marginally negative at -0.11, suggesting that near‑term momentum is neutral and at an inflection point rather than signalling a clear directional shift.
To confirm further upside, futures need to hold above the 10 DMA and push through resistance around 445, which would open the way towards 450 and the mid‑450s. On the downside, a break below the 10 DMA at 437.66 would signal fading momentum, with the 40 DMA at 433.97 as the next support. For now, the position above all key averages and rising stochastics keep the near‑term outlook moderately supportive, contrasting with the weaker picture in New York.
NY 2nd Month Coffee Futures
NY coffee futures edged lower on Tuesday, settling at 240.90, as prices continued to drift near the lows. Futures remain well below the 10 DMA at 250.92, the 40 DMA at 273.82 and the 100 DMA at 289.41, with the gap between price and the averages continuing to widen. The former support at 255.65 now acts as resistance overhead, and the market shows no sign of reclaiming it.
The stochastics are deeply oversold, with %K at 7.40 below %D at 9.44, confirming that downside momentum remains dominant. The MACD diff is negative at -1.58 and widening, indicating that selling pressure continues to build with no evidence of convergence.
To confirm further downside, futures need to break below the 240 area, which would open the way towards 230. On the upside, any recovery attempt would first need to reclaim 255.65 and then the 10 DMA at 250.92 to signal that selling pressure is easing. For now, the deeply oversold stochastics offer the only potential for a technical bounce, but the structure remains firmly bearish with no evidence of a base forming.
Lnd 2nd Month Coffee Futures
London coffee futures also edged lower on Tuesday, closing at 3230, down 30 on the session as prices continued to press towards the critical support at 3166. Futures remain below the 10 DMA at 3302, the 40 DMA at 3377 and the 100 DMA at 3570, confirming that the bearish structure is firmly intact and the distance to key resistance levels is growing.
The stochastics are deeply oversold, with %K at 12.84 below %D at 17.52, indicating that downside momentum remains dominant. The MACD diff is negative at -13.62 and widening sharply, suggesting that selling pressure is accelerating rather than stabilising.
To confirm continuation lower, futures need to break below the 3166 support, which would expose the 3000 level. On the upside, a recovery requires a close above the 10 DMA at 3302, with a push through the 40 DMA at 3377 needed to signal any meaningful shift in momentum. For now, the proximity to 3166 makes this a critical level to watch — a break below would confirm a fresh leg lower, while any hold could trigger a technical bounce from deeply oversold conditions.
NY 2nd Month Cocoa Futures
NY cocoa futures edged marginally higher on Tuesday, settling at 3910, with a barely positive close following Friday's sharp sell‑off. The tiny gain offers no real relief, as prices remain below the 10 DMA at 4038 and only just above the 40 DMA at 3878, keeping the near‑term structure under pressure. Futures continue to trade well below the 200 DMA at 5014, reinforcing the broader corrective trend.
The stochastics are weak, with %K at 27.63 below %D at 36.41, indicating that downside momentum remains dominant and is approaching oversold territory. The MACD diff is negative at -46.73 and widening, confirming that selling pressure is still building despite the marginal uptick on the session.
To confirm further downside, futures need to break below the 40 DMA at 3878, which would expose support at 3700 and then 3500. On the upside, a recovery requires a close back above the 10 DMA at 4038, with a push above 4200 needed to signal that the recent selling has exhausted itself. For now, Monday's marginal gain looks more like a pause in the downturn than a reversal, with indicators still pointing to further vulnerability.
Ldn 2nd Month Cocoa Futures
