NY 2nd Month Sugar Futures
NY sugar futures edged higher on Friday, closing at 15.63, up 0.05 on the session as prices stabilised after the recent pullback from the 16.00 area. The small green candle reflects a lack of strong directional conviction, with futures holding broadly sideways over recent sessions. Prices remain below the 10 DMA at 15.67 but continue to trade comfortably above the 40 DMA at 15.01 and the 100 DMA at 14.90, suggesting that the broader recovery structure remains intact despite the recent loss of momentum. The market is consolidating near the upper end of its recent range rather than extending the earlier rally.
The stochastics are flat, with %K at 44.05 just below %D at 44.76, indicating neutral momentum after the sharp unwind from overbought territory earlier in July. The MACD diff remains negative at -0.04, highlighting that selling pressure continues to marginally outweigh buying pressure in the near term.
To confirm a stronger recovery, futures need to regain the 10 DMA at 15.67 and then break back above the recent highs around 16.00. A move through this level would reopen the path towards 16.50. On the downside, futures need to hold above the 40 DMA at 15.01, with a break below this level exposing the 100 DMA at 14.90. For now, the market remains constructive from a medium-term perspective, but the inability to reclaim the 10 DMA suggests the recent consolidation phase is still ongoing.
Ldn 2nd Month Sugar Futures
Ldn sugar futures also edged higher on Friday, closing at 461.00, up 1.40 on the session as the market stabilised following the recent correction from the highs near 480. The gain was modest, but futures recovered from intraday weakness and finished slightly higher on the day. Prices remain below the 10 DMA at 462.03, indicating that short-term momentum remains under pressure. However, futures continue to hold comfortably above the 40 DMA at 453.20 and the 100 DMA at 440.96, keeping the broader recovery structure intact.
The stochastics are neutral, with %K at 50.20 above %D at 48.57, suggesting that downside momentum has faded and the market is attempting to stabilise. The MACD diff remains negative at -1.55, indicating that selling pressure still dominates the short-term picture despite the higher close.
To confirm a stronger recovery, futures need to reclaim the 10 DMA at 462.03 and then push above resistance around 470. A break through this area would bring the recent highs near 480 back into focus. On the downside, a break below the 40 DMA at 453.20 would expose the 100 DMA at 440.96 and signal a deeper retracement. For now, Friday's higher close points to stabilisation after the recent decline, but futures need to regain the 10 DMA to confirm that momentum is turning positive again.
NY 2nd Month Coffee Futures
NY coffee futures edged higher on Friday, closing at 298.05, up 1.60 on the session as prices stabilised following the recent correction from the highs above 350. The small green candle suggests modest buying interest returning around the 295–300 area, although futures remain below the 10 DMA at 316.06. Despite the recent weakness, prices continue to hold above both the 40 DMA at 286.06 and the 100 DMA at 286.61, indicating that the broader recovery structure remains intact. The market is now consolidating above the key support zone around 285–286 rather than extending the sell-off seen earlier in July.
The stochastics remain weak, with %K at 15.80 below %D at 27.98, signalling that momentum remains soft and close to oversold territory. The MACD diff is negative at -4.70 and widening, indicating that selling pressure continues to outweigh buying pressure despite Friday's slightly firmer close.
To confirm a stronger recovery, futures need to reclaim the 10 DMA at 316.06 and then challenge resistance at 312.25–320. A sustained move above this area would suggest that the recent correction is ending and open the way towards 350. On the downside, futures need to hold above the 40 DMA and 100 DMA cluster around 286. A break below this support zone would weaken the broader recovery structure and expose the June low area near 238. For now, Friday's higher close signals stabilisation, but the indicators continue to suggest that momentum remains fragile.
Lnd 2nd Month Coffee Futures
Ldn coffee futures also edged higher on Friday, closing at 3757, up 49 on the session as prices recovered modestly after several sessions of weakness. The green candle reflects a tentative bounce rather than a decisive reversal, with futures remaining below the 10 DMA at 3823. However, prices continue to hold above the 40 DMA at 3634 and the 100 DMA at 3529, confirming that the broader recovery trend remains intact despite the recent pullback from above 4000.
The stochastics are weak, with %K at 20.96 below %D at 29.75, indicating that momentum remains subdued and is approaching oversold territory. The MACD diff remains negative at -27.98, suggesting that selling pressure is still dominating the short-term outlook even though prices edged higher on the day.
To confirm a stronger recovery, futures need to reclaim the 10 DMA at 3823 and then push back above 3900, which would bring the psychological 4000 level back into focus. On the downside, a break below the 40 DMA at 3634 would expose the 100 DMA at 3529 and signal a deeper correction. For now, the market appears to be stabilising after the recent decline, but futures need to recover above the 10 DMA to confirm that buying momentum is returning.
NY 2nd Month Cocoa Futures
NY cocoa futures edged higher on Friday, closing at 5510, up 1.27% on the session as prices attempted to stabilise after the recent correction from the highs above 6400. The small green candle suggests tentative buying interest, but futures remain below the 10 DMA at 5642, confirming that short-term momentum is still under pressure. However, prices continue to hold above the 40 DMA at 4889 and the 200 DMA at 4685, keeping the broader recovery structure intact. The market is still trading above the key support around 5325, which remains important for maintaining the recovery from the February low.
The stochastics remain weak, with %K at 25.97 below %D at 34.28, indicating that momentum is still tilted to the downside despite the higher close. The MACD diff is negative at -90.72, confirming that selling pressure continues to dominate the short-term picture.
To confirm a stronger recovery, futures need to reclaim the 10 DMA at 5642 and then push back above 5800, which would open the way for another test of the 6000 area. On the downside, a break below 5325 would signal renewed weakness and expose the 40 DMA at 4889. For now, Friday’s move points to stabilisation rather than a clear recovery, with futures still needing to regain the 10 DMA to confirm improving momentum.
Ldn 2nd Month Cocoa Futures
