NY 2nd Month Sugar Futures
NY sugar futures edged higher on Tuesday, closing at 14.82, up 0.04 on the session as prices continued to recover from the recent test of support at 13.80–14.00. The green candle confirms modest buying interest, while futures have now reclaimed both the 10 DMA and the 40 DMA, which are converging at 14.28 and 14.82 respectively. However, prices are only marginally above these averages and remain close to the 100 DMA at 14.56, suggesting that the market is consolidating rather than establishing a clear uptrend.
The stochastics are rising sharply, with %K at 71.40 moving well above %D at 51.78, signalling improving upside momentum. The MACD diff remains positive and is widening, indicating that buying pressure continues to build.
To confirm a stronger recovery, futures need to hold above the 40 DMA and break through resistance around 15.00, which would open the way towards 15.50 and potentially a retest of the May highs. On the downside, a move back below the 100 DMA at 14.56 would weaken the recovery structure and refocus attention on the key support at 14.30. For now, the indicators suggest strengthening momentum, but futures need to extend gains above nearby resistance to confirm a more constructive outlook.
Ldn 2nd Month Sugar Futures
London sugar futures edged lower on Tuesday, closing at 467.20, despite trading in a volatile range during the session. The market remains significantly above the 10 DMA at 444.80, the 40 DMA at 440.61 and the 100 DMA at 429.84, highlighting that the broader recovery structure remains firmly intact despite the softer close. The latest candle reflects some profit-taking after the recent rally rather than a deterioration in trend.
The stochastics are rising, with %K at 76.08 above %D at 62.35, indicating firm upside momentum, while the MACD diff remains positive and is widening, signalling continued buying pressure.
To confirm continuation higher, futures need to build on current levels and break above the recent high near 470, which would open the way towards 480 and potentially 500. On the downside, a move back towards the 10 DMA at 444.80 would be the first signal that momentum is easing, with the 40 DMA at 440.61 providing more substantial support beneath. For now, the trend remains constructive, and Tuesday's softer close looks more like consolidation after strong gains than the start of a broader reversal.
NY 2nd Month Coffee Futures
NY coffee futures surged on Tuesday, closing at 296.45, up 18.65 on the session as a strong green candle confirmed an acceleration in upside momentum. The rally pushed futures decisively above the 100 DMA at 281.24 after already clearing the 10 DMA at 275.65 and the 40 DMA at 266.24. This marks a significant improvement in the technical structure, with prices now trading above all key moving averages for the first time since the start of the year. The move also brought futures closer to the major resistance level at 312.25, which capped previous recovery attempts.
The stochastics are rising sharply, with %K at 79.98 above %D at 77.38, signalling strong upside momentum and growing buying interest. The MACD diff remains positive at 4.20 and continues to widen, confirming that bullish momentum is strengthening. At the same time, growing volume alongside the rally suggests improving conviction behind the move.
To confirm a continuation higher, futures need to break above resistance at 312.25, which would open the way towards the 330 area. On the downside, the 100 DMA at 281.24 now becomes important support, with the 10 DMA at 275.65 providing additional backing beneath. For now, the breakout above all three moving averages and strengthening momentum indicators point to a constructive outlook, although the stochastics are approaching overbought territory.
Lnd 2nd Month Coffee Futures
London coffee futures also rallied on Tuesday, closing at 3658, up 94 on the session as prices extended the recent recovery and strengthened their position above key moving averages. Futures remain above the 10 DMA at 3606, the 40 DMA at 3442 and the 100 DMA at 3503, confirming that the broader trend has improved considerably following the rebound from the 3166 low. The latest green candle signals continued buying interest, although the advance was less explosive than the move seen in New York.
The stochastics remain firm, with %K at 65.73 just below %D at 71.52, suggesting that momentum remains supportive despite easing slightly from recent peaks. The MACD diff is positive at 13.14 and continues to build, indicating that buying pressure remains dominant and the recovery remains intact.
To confirm further upside, futures need to break above the recent highs around 3700, which would open the way towards 3800 and potentially 4000. On the downside, the 10 DMA at 3606 is the first support level to watch, followed by the 100 DMA at 3503. For now, the market remains firmly constructive, with prices holding above all key moving averages and momentum indicators continuing to favour higher levels.
NY 2nd Month Cocoa Futures
NY cocoa futures increased on Tuesday, closing at 5078, up 2.23% on the session as prices extended the recent recovery and broke decisively above the key resistance level at 4750.58. The strong green candle confirms continued buying interest, with futures now trading above the 10 DMA at 4733, the 40 DMA at 4243 and, importantly, above the 200 DMA at 4796. The break above the 200 DMA represents a significant improvement in the longer-term technical structure and suggests that the recovery has gained momentum following the rebound from the February low at 2846.
The stochastics are rising, with %K at 81.55 marginally above %D at 80.63, indicating strong upside momentum, although both indicators are now in overbought territory. The MACD diff remains firmly positive at 96.83 and is widening, signalling that buying pressure continues to strengthen despite the extended rally.
To confirm further upside, futures need to hold above the 200 DMA and maintain a foothold above the 4750 breakout level. A sustained move above 5200 would open the way towards 5500. On the downside, a move back below 4750 would suggest that the breakout is losing momentum, with the 200 DMA at 4796 and the 10 DMA at 4733 becoming the key support levels. For now, the break above the major moving averages and resistance levels points to a constructive outlook, although overbought momentum indicators suggest gains may become more measured in the near term.
Ldn 2nd Month Cocoa Futures
