NY 2nd Month Sugar Futures
NY sugar futures edged lower on Friday, closing at 15.41, down 0.06 on the session as prices continued to drift below the recent highs around 16.00. The latest candle confirms mild selling pressure, with futures remaining below the 10 DMA at 15.61, suggesting that short-term momentum is still capped. However, prices continue to hold above the 40 DMA at 15.06 and the 100 DMA at 14.93, meaning the broader recovery structure remains intact for now. The market is consolidating after the strong move seen earlier in July, but the inability to reclaim the 10 DMA keeps the near-term tone cautious.
The stochastics are falling, with %K at 31.60 below %D at 38.89, indicating that downside momentum is still in place and that buying interest remains limited. The MACD diff is negative at -0.07, with the MACD line below the signal line, confirming that short-term selling pressure continues to outweigh buying momentum.
To confirm further downside, futures need to break below the 40 DMA at 15.06, which would expose the 100 DMA at 14.93. A move below this support area would weaken the recovery structure and shift focus back towards 14.30. On the upside, futures need to regain the 10 DMA at 15.61 and then push back towards 16.00 to confirm renewed upside momentum. For now, the technical picture remains fragile in the short term, but the broader structure is still supported while futures hold above the 40 and 100 DMAs.
Ldn 2nd Month Sugar Futures
Ldn sugar futures also moved lower on Friday, closing at 456.80, down 1.80 on the session as prices extended their pullback from the recent highs near 480. Futures remain below the 10 DMA at 461.54, confirming that near-term momentum is under pressure. However, prices continue to hold above the 40 DMA at 453.97 and the 100 DMA at 441.93, suggesting that the wider recovery trend has not yet broken down. The market is now testing the upper end of medium-term support, making the 40 DMA an important level for the next move.
The stochastics are softening, with %K at 41.38 below %D at 45.78, signalling that upside momentum has faded and that sellers still have the near-term advantage. The MACD diff is negative at -1.88, reinforcing the view that the recent correction remains in place despite prices holding above key support.
To confirm further downside, futures need to break below the 40 DMA at 453.97, which would expose the 100 DMA at 441.93 and signal a more meaningful deterioration in the recovery structure. On the upside, futures need to reclaim the 10 DMA at 461.54 and then push through 470 to suggest that buying interest is returning. For now, Ldn sugar remains in a corrective phase, with the broader structure still supported but short-term indicators pointing to further caution.
NY 2nd Month Coffee Futures
NY coffee futures rebounded on Friday, closing at 317.30, up 11.40 on the session as prices recovered after the recent pullback towards the 300 area. The green candle confirms renewed buying interest, and the close back above the 10 DMA at 312.77 is a constructive short-term signal. Futures also remain comfortably above the 40 DMA at 288.50 and the 100 DMA at 287.15, keeping the broader recovery structure intact. However, the market is still below the recent highs above 350, so the rebound improves the near-term tone but does not yet confirm a full return to upside momentum.
The stochastics are turning higher, with %K at 30.35 above %D at 26.48, suggesting that downside momentum is easing after the recent correction. The MACD diff remains negative at -3.52, meaning that selling pressure has not fully reversed, although the price action shows early signs of stabilisation.
To confirm a stronger recovery, futures need to hold above the 10 DMA and push through the 320–325 area, which would open the way towards 350. On the downside, a move back below the 10 DMA would weaken the recovery signal and shift focus towards the 40 and 100 DMA support zone around 288. For now, the rebound is encouraging, but futures need follow-through above nearby resistance to confirm that buying momentum is returning.
Lnd 2nd Month Coffee Futures
Ldn coffee futures also moved higher on Friday, closing at 3859, up 60 on the session as prices extended their recovery from recent weakness. The close above the 10 DMA at 3821 is supportive, while futures remain well above the 40 DMA at 3660 and the 100 DMA at 3532, confirming that the broader recovery trend remains intact. The latest candle suggests buying interest is returning, although the market is still consolidating below the recent highs around 4000.
The stochastics are improving, with %K at 36.66 above %D at 30.92, signalling that downside momentum is fading and that the market is beginning to stabilise. The MACD diff remains negative at -19.78, showing that selling pressure is still present, but the higher close and improving stochastics point to a better short-term tone.
To confirm further upside, futures need to hold above the 10 DMA and push through resistance around 3900, which would bring 4000 back into focus. On the downside, a break below the 10 DMA would suggest that the rebound is losing traction, with the 40 DMA at 3660 as the next key support. For now, the price action is constructive, but confirmation requires a sustained move above 3900.
NY 2nd Month Cocoa Futures
NY cocoa futures rebounded slightly on Friday, closing at 5332, up 1.70% on the session as prices attempted to stabilise around the key 5325 support level. The small green candle suggests tentative buying interest after the recent correction, but futures remain below the 10 DMA at 5535, confirming that near-term momentum is still under pressure. However, prices continue to hold above the 40 DMA at 4949 and the 200 DMA at 4677, meaning the broader recovery structure remains intact for now. The market is still consolidating below the recent highs near 6458.80, with the 5325 area now a critical level for shaping the short-term outlook.
The stochastics remain weak, with %K at 19.11 below %D at 25.63, indicating that momentum is still tilted to the downside and close to oversold territory. The MACD diff is negative at -111.46, confirming that selling pressure remains dominant despite the slight rebound.
To confirm a stronger recovery, futures need to reclaim the 10 DMA at 5535 and then push back above 5700. A sustained move through this area would allow prices to retest 6000. On the downside, a break below 5325 would confirm renewed weakness and expose the 40 DMA at 4949. For now, Friday’s move signals tentative stabilisation, but the indicators still point to a fragile market unless futures regain the 10 DMA.
Ldn 2nd Month Cocoa Futures
