NY 2nd Month Sugar Futures
NY sugar futures edged higher on Tuesday, settling at 14.31, up 0.12 on the session as a green candle signalled tentative buying interest near the 14.30 support level. Despite the uptick, futures remain below all key moving averages: the 10 DMA at 14.47, the 40 DMA at 14.82 and the 100 DMA at 14.55, confirming that the near‑term structure is still weak. The close just above 14.30 keeps this critical support intact for now, but the market has yet to generate meaningful upside traction.
The stochastics are deeply oversold, with %K at 16.22 below %D at 17.28, indicating that downside momentum remains dominant despite the small gain. The MACD diff is negative at -0.07 and widening, suggesting that selling pressure has not yet eased.
To confirm a recovery, futures need to close above the 10 DMA at 14.47 and then the 100 DMA at 14.55 to begin to ease immediate pressure. On the downside, a break below 14.30 remains the key risk, which would expose a move towards the April low at 13.34. For now, the hold of 14.30 support is encouraging, but deeply oversold stochastics and a weak MACD suggest the market needs a stronger catalyst to shift the near‑term outlook.
Ldn 2nd Month Sugar Futures
London sugar futures jumped on Tuesday, closing at 440.50, up 6.10 on the session as a strong green candle confirmed a decisive rebound. The move pushed prices above the 10 DMA at 439.47 and further above the 40 DMA at 436.92 and the 100 DMA at 427.06, reclaiming the short‑term average and confirming that the broader recovery structure from the 393.80 low remains intact.
The stochastics are neutral, with %K at 49.52 just below %D at 53.05, indicating that momentum is stabilising and beginning to improve from the recent pullback. The MACD diff is marginally negative at -0.38, suggesting that the market is at an inflection point and transitioning towards a more supportive footing.
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 move back below the 10 DMA at 439.47 would signal fading momentum, with the 40 DMA at 436.92 as the next support. For now, the strong session and reclaim of the 10 DMA contrast with the more subdued tone in New York, with the position above all key averages and stabilising indicators keeping the near‑term outlook constructive.
NY 2nd Month Coffee Futures
NY coffee futures surged on Tuesday, settling at 272.80, up 13.60 on the session as a large green candle confirmed a decisive recovery. The move took prices above both the 10 DMA at 249.49 and the 40 DMA at 269.37, reclaiming two key short‑term averages in a single session and marking a significant shift in near‑term momentum. Futures are now approaching the 100 DMA at 285.51, which becomes the next major test. The former support at 255.65, which had acted as resistance during the recent downturn, has now been cleared.
The stochastics are rising sharply, with %K at 66.96 well above %D at 43.33, confirming strong upside momentum. The MACD diff has turned positive at 2.94 and is widening, signalling that buying pressure is building rapidly and the bearish trend is being challenged.
To confirm a broader recovery, futures need to push through the 100 DMA at 285.51, which would open the way towards the 300 area and the 312.25 resistance. On the downside, the 40 DMA at 269.37 now acts as near‑term support, with a break below this level needed to undermine the rally. For now, the surge represents the strongest session in the recent downturn, with the reclaim of key averages and positive MACD crossover signalling a meaningful shift in momentum.
Lnd 2nd Month Coffee Futures
London sugar futures jumped on Tuesday, closing at 440.50, up 6.10 on the session as a strong green candle confirmed a decisive rebound. The move pushed prices above the 10 DMA at 439.47 and further above the 40 DMA at 436.92 and the 100 DMA at 427.06, reclaiming the short‑term average and confirming that the broader recovery structure from the 393.80 low remains intact.
The stochastics are neutral, with %K at 49.52 just below %D at 53.05, indicating that momentum is stabilising and beginning to improve from the recent pullback. The MACD diff is marginally negative at -0.38, suggesting that the market is at an inflection point and transitioning towards a more supportive footing.
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 move back below the 10 DMA at 439.47 would signal fading momentum, with the 40 DMA at 436.92 as the next support. For now, the strong session and reclaim of the 10 DMA contrast with the more subdued tone in New York, with the position above all key averages and stabilising indicators keeping the near‑term outlook constructive.
NY 2nd Month Cocoa Futures
NY cocoa futures rallied strongly on Tuesday, settling at 4234, up 6.60% on the session as buying interest returned decisively after the recent downturn. The move took prices back above both the 10 DMA at 3956 and the 40 DMA at 3937, reclaiming the key short‑term averages that were lost during the sell‑off and marking a significant improvement in the near‑term structure. Futures remain below the 200 DMA at 4917, keeping the broader corrective trend in place, but the recovery has narrowed the gap.
The stochastics are rising, with %K at 43.38 above %D at 29.89, confirming a shift in momentum from the recent oversold levels. The MACD diff is negative at -9.71 but has narrowed considerably from the recent low, indicating that selling pressure is easing rapidly and the balance is shifting.
To confirm a more durable recovery, futures need to hold above the 10 and 40 DMA cluster and push through resistance around 4300, which would open the way towards the 4750 level. On the downside, a failure to hold above the 40 DMA at 3937 would signal that the rally was corrective and shift focus back towards 3700. For now, the strength of the move and the reclaim of both short‑term averages represent the most constructive session in recent weeks, though follow‑through above nearby resistance is needed to confirm the shift.
Ldn 2nd Month Cocoa Futures
