NY 2nd Month Sugar Futures
NY sugar futures surged on Friday, closing at 17.33, up 0.84 on the session, as a large green candle confirmed a decisive upside breakout. The move pushed futures sharply above the 10 DMA at 15.89, the 40 DMA at 15.33 and the 100 DMA at 15.06, reinforcing a firmly constructive technical structure. The strength of the move also takes prices well above the recent 16.00 resistance area, suggesting that buying appetite has accelerated and that the market has shifted into a stronger upside phase.
The stochastics are rising, with %K at 84.09 above %D at 68.15, signalling strong upside momentum, although the market is now moving into overbought territory. The MACD diff is positive at 0.1212 and widening, confirming that buying pressure is building and supporting the breakout.
To confirm continuation higher, futures need to hold above the 16.00 area and sustain momentum towards 17.50, with a break above this level opening the way towards 18.00. On the downside, a move back below the 10 DMA at 15.89 would weaken the breakout signal and suggest that the rally is losing traction. For now, the technical picture is strongly supportive, although elevated stochastics suggest that gains may become more measured in the near term.
Ldn 2nd Month Sugar Futures
Ldn sugar futures also surged on Friday, closing at 503.20, up 16.70 on the session, as prices broke decisively above the 500 level. The strong green candle highlights aggressive buying interest, with futures trading well above the 10 DMA at 469.90, the 40 DMA at 460.56 and the 100 DMA at 446.29. The move confirms a major improvement in the technical structure and extends the rally beyond the previous resistance around 480, suggesting that the market has entered a fresh upside leg.
The stochastics are rising strongly, with %K at 85.45 above %D at 72.53, indicating firm upside momentum, although futures are now in overbought territory. The MACD diff is positive at 3.2819 and widening, confirming that buying pressure is accelerating.
To confirm further upside, futures need to hold above the 500 level and build towards 510–520. On the downside, a break back below 500 would signal some loss of momentum, with the 10 DMA at 469.90 becoming the next key support. For now, the breakout above 500 and the positive momentum indicators point to a strongly bullish near-term outlook, but the overbought stochastics suggest a risk of consolidation if follow-through buying slows.
NY 2nd Month Coffee Futures
NY coffee futures edged higher on Friday, closing at 315.90, up 9.80 on the session as prices continued to recover from the recent pullback. The green candle confirms renewed buying interest, with futures holding above the 10 DMA at 310.11, the 40 DMA at 301.29 and the 100 DMA at 288.60. This keeps the broader recovery structure intact, although prices remain below the recent highs around 350, suggesting that the market is still consolidating rather than entering a fresh breakout phase.
The stochastics are rising, with %K at 53.40 above %D at 45.40, signalling improving upside momentum. However, the MACD diff remains negative at -1.51, with the MACD line still below the signal line, indicating that the recent recovery has not yet been fully confirmed by trend momentum.
To confirm a stronger upside move, futures need to hold above the 10 DMA and push through resistance around 320, 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 DMA at 301.29. For now, price action is constructive, but futures need follow-through above nearby resistance to confirm stronger buying appetite.
Lnd 2nd Month Coffee Futures
Ldn coffee futures edged lower on Friday, closing at 3767, down 20 on the session as prices failed to hold above the 10 DMA at 3802. The red candle confirms mild selling pressure, although futures remain just above the 40 DMA at 3756 and comfortably above the 100 DMA at 3544. This suggests that the broader recovery structure is still intact, but the near-term tone has weakened as prices struggle below short-term resistance.
The stochastics are softening, with %K at 43.44 below %D at 46.85, indicating that upside momentum is fading. The MACD diff remains negative at -12.24, confirming that selling pressure continues to outweigh buying interest in the short term.
To confirm further downside, futures need to break below the 40 DMA at 3756, which would expose the 100 DMA at 3544. On the upside, futures need to reclaim the 10 DMA at 3802 and then push back towards 3900 to stabilise momentum. For now, Ldn coffee remains vulnerable while trading below the 10 DMA, although the broader structure is still supported while the 40 DMA holds.
NY 2nd Month Cocoa Futures
NY cocoa futures edged higher on Friday, closing at 5895, up 0.20% on the session as prices continued to consolidate above the key support level at 5325.08. The small green candle highlights a lack of strong directional conviction, but the market continues to hold comfortably above the 10 DMA at 5657, the 40 DMA at 5303 and the 200 DMA at 4669, confirming that the broader recovery structure remains firmly intact. Recent price action suggests that futures are consolidating after the sharp rally from the June lows rather than initiating a deeper correction. The inability to retest the June high at 6458.80 limits upside momentum for now, but support levels continue to hold.
The stochastics are rising, with %K at 64.74 above %D at 58.87, signalling improving upside momentum. The MACD diff has turned marginally positive at 3.97, with the MACD line moving back above the signal line, suggesting buying pressure is beginning to strengthen again after the recent consolidation period.
To confirm a continuation higher, futures need to hold above the 10 DMA at 5657 and then break through resistance at 6458.80. A sustained move above this level would reinforce the bullish outlook and open the way towards higher psychological targets. On the downside, a break back below 5657 would expose support at 5325.08, with the 40 DMA at 5303 providing additional support beneath. For now, the trend remains constructive, with improving momentum indicators and prices holding above all major moving averages.
Ldn 2nd Month Cocoa Futures
