NY 2nd Month Sugar Futures
NY sugar futures edged higher on Tuesday, closing at 15.98, up 0.07 on the session as prices continued to recover from the recent consolidation phase. The green candle confirms modest buying interest, with futures holding firmly above the 10 DMA at 15.59, the 40 DMA at 15.17 and the 100 DMA at 15.00. This keeps the broader recovery structure intact and places the market back near the recent resistance area around 16.00.
The stochastics are rising, with %K at 58.34 above %D at 43.44, signalling improving upside momentum. However, the MACD diff remains slightly negative at -0.012, suggesting that buying pressure has not yet fully reasserted itself.
To confirm a stronger upside move, futures need to break cleanly above 16.00 and sustain momentum above this level, which would open the way towards 16.30 and then 16.50. On the downside, a move back below the 10 DMA at 15.59 would weaken the near-term setup and shift focus towards the 40 DMA at 15.17. For now, the technical structure remains constructive, with rising stochastics and prices holding above all key moving averages, but the slightly negative MACD diff suggests confirmation is still needed through a decisive break above nearby resistance.
Ldn 2nd Month Sugar Futures
Ldn sugar futures also increased on Tuesday, closing at 472.30, up 3.80 on the session as prices extended their recovery and moved further above key moving averages. The green candle shows renewed buying interest, although the market remains below the recent highs near 480, suggesting that futures are still testing overhead resistance rather than breaking out decisively. Prices are trading above the 10 DMA at 461.64, the 40 DMA at 456.82 and the 100 DMA at 444.20, confirming that the broader recovery structure remains firmly supported.
The stochastics are rising, with %K at 64.14 above %D at 52.38, signalling strengthening upside momentum. The MACD diff is only marginally negative at -0.018, suggesting that the market is close to a positive momentum shift but has not fully confirmed it yet.
To confirm further upside, futures need to hold above the 10 DMA and push through resistance around 475–480. A sustained move through this area would open the way towards 500. On the downside, a break back below the 10 DMA at 461.64 would signal fading momentum and expose the 40 DMA at 456.82. For now, the outlook remains constructive, with price action and stochastics pointing higher, but futures need to clear the recent highs to confirm a stronger bullish continuation.
NY 2nd Month Coffee Futures
NY coffee futures edged higher on Tuesday, closing at 308.80, up 4.10 on the session as prices continued to stabilise following the recent correction from the highs above 350. The green candle confirms renewed buying interest, with futures holding above the 10 DMA at 306.58 and comfortably above the 40 DMA at 296.13 and the 100 DMA at 287.97. While the recovery has been modest, the ability to maintain levels above all three moving averages suggests that the broader recovery structure remains intact. Recent price action points to consolidation rather than a renewed downtrend, with the market finding support above the 300 level.
The stochastics are improving, with %K at 40.33 above %D at 35.86, indicating that downside momentum is easing and near-term momentum is beginning to turn higher. However, the MACD diff remains negative at -2.55, showing that the recent correction is still influencing the underlying momentum profile despite the firmer price action.
To confirm a stronger recovery, futures need to build above the 10 DMA and break through resistance around 320, which would reopen the path towards the recent highs near 350. On the downside, a move back below the 10 DMA would weaken the recovery signal and bring the 40 DMA at 296.13 into focus. For now, the market appears to be stabilising above key support levels, with improving stochastics suggesting a gradually firmer near-term outlook.
Lnd 2nd Month Coffee Futures
Ldn coffee futures increased more convincingly on Tuesday, closing at 3853, up 69 on the session as prices extended their rebound from recent lows. The strong green candle pushed futures further above the 10 DMA at 3784, while prices continue to hold well above the 40 DMA at 3726 and the 100 DMA at 3535. This reinforces the constructive medium-term structure and suggests that the recent pullback from above 4000 has transitioned into a consolidation phase rather than a deeper correction.
The stochastics are turning higher, with %K at 47.92 above %D at 38.39, indicating improving upside momentum after the earlier decline. The MACD diff remains negative at -13.57, but the histogram is becoming less negative, suggesting that selling pressure is fading and momentum is stabilising.
To confirm further upside, futures need to hold above the 10 DMA and break through resistance around 3900, which would open the way towards 4000 and the recent highs. On the downside, a move back below the 10 DMA at 3784 would signal that the recovery is losing traction, with the 40 DMA at 3726 acting as the next important support level. For now, the stronger gain in London compared to New York points to improving sentiment, with price action and stochastics supporting a cautiously constructive near-term outlook.
NY 2nd Month Cocoa Futures
NY cocoa futures edged lower on Tuesday, closing at 6045, down 0.35% on the session as prices paused after the sharp rebound from late July levels. The small pullback suggests some hesitation near higher levels, although futures continue to trade comfortably above the 10 DMA at 5522, the 40 DMA at 5150 and the 200 DMA at 4670. This keeps the broader recovery structure firmly intact. The market remains below the key resistance at 6458.80, but the ability to hold above the 5325.08 support area suggests the recent recovery has not yet been undermined.
The stochastics are rising, with %K at 63.10 above %D at 43.81, indicating that upside momentum is still improving despite the softer close. However, the MACD diff has turned slightly negative at -9.14, with the MACD line below the signal line, suggesting that underlying momentum has not fully confirmed the recent price rebound.
To confirm a continuation higher, futures need to hold above the 10 DMA at 5522 and push back towards resistance at 6458.80. A sustained move through this level would strengthen the recovery outlook and open the way towards higher resistance. On the downside, a break below 5522 would weaken near-term momentum and shift focus back towards the 5325.08 support level, with the 40 DMA at 5150 beneath that. For now, Tuesday’s decline looks like consolidation after a strong rebound rather than a reversal, but futures need to build above nearby resistance to confirm stronger upside momentum.
Ldn 2nd Month Cocoa Futures
