NY 2nd Month Sugar Futures
NY sugar futures climbed further on Tuesday, closing at 17.71, up 0.27 on the session as prices extended the sharp upside move seen in recent days. The latest green candle confirms continued buying interest, with futures holding well above the 10 DMA at 16.32, the 40 DMA at 15.49 and the 100 DMA at 15.12. This keeps the technical structure firmly constructive, with the market now trading at fresh highs and comfortably above the previous resistance around 16.00. The strong volume reading also reinforces the move, suggesting that participation remains supportive.
The stochastics are elevated, with %K at 91.77 above %D at 80.45, signalling strong upside momentum, although futures are now firmly in overbought territory. The MACD diff is positive at 0.1999 and widening, confirming that buying pressure continues to build.
To confirm continuation higher, futures need to hold above 17.00 and push through 18.00, which would open the way for a further extension of the rally. On the downside, a break back below 17.00 would suggest the rally is losing pace, with the 10 DMA at 16.32 acting as the first key support. For now, the trend remains strongly supportive, but overbought stochastics suggest the pace of gains may become more measured.
Ldn 2nd Month Sugar Futures
Ldn sugar futures also climbed further on Tuesday, closing at 510.00, up 3.90 on the session as prices extended the breakout above the psychological 500 level. The market remains well above the 10 DMA at 479.97, the 40 DMA at 464.09 and the 100 DMA at 447.84, confirming a strong bullish structure. The latest candle shows that buying interest is still present at elevated levels, although the smaller daily gain suggests the rally may be starting to consolidate after the sharp move higher.
The stochastics are also elevated, with %K at 91.72 above %D at 82.47, indicating strong upside momentum but also increasingly stretched conditions. The MACD diff is positive at 4.8311 and widening, confirming that buying pressure remains dominant.
To confirm further upside, futures need to hold above 500 and build towards 520. A sustained move through this level would keep the bullish structure intact and open the way for further gains. On the downside, a move back below 500 would suggest some loss of momentum, with the 10 DMA at 479.97 acting as the first major support. For now, the outlook remains constructive, but the overbought indicators point to a growing risk of short-term consolidation.
NY 2nd Month Coffee Futures
NY coffee futures edged higher on Tuesday, closing at 315.70, up 1.80 on the session as prices continued to stabilise above key moving averages. The small green candle suggests modest buying interest, with futures holding above the 10 DMA at 310.75, the 40 DMA at 304.44 and the 100 DMA at 289.02. This keeps the broader recovery structure intact, although the market remains below the recent highs near 350, suggesting that price action is still consolidating after the sharp June and July rebound.
The stochastics are rising, with %K at 53.11 above %D at 49.75, signalling improving near-term momentum. However, the MACD diff remains negative at -0.84, with the MACD line still below the signal line, suggesting that the 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 break through resistance around 320, which would open the way towards 335 and then the recent highs near 350. On the downside, a move back below the 10 DMA would weaken the recovery signal and shift focus towards the 40 DMA at 304.44. For now, the structure remains constructive, but futures need follow-through above nearby resistance to confirm stronger upside momentum.
Lnd 2nd Month Coffee Futures
Ldn coffee futures dropped on Tuesday, closing at 3777, down 18 on the session as prices slipped back below the 10 DMA at 3793. The red candle confirms mild selling pressure and suggests that the market is struggling to sustain momentum after the recent recovery attempt. However, futures remain just above the 40 DMA at 3768 and comfortably above the 100 DMA at 3549, meaning the broader recovery structure is still intact for now. The proximity to the 40 DMA makes this an important support level for the next session.
The stochastics are falling, with %K at 36.35 below %D at 42.05, indicating that upside momentum is fading. The MACD diff remains negative at -12.34, 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 3768, which would expose a move towards the 100 DMA at 3549. On the upside, futures need to reclaim the 10 DMA at 3793 and then push back towards 3900 to stabilise the near-term outlook. For now, Ldn coffee remains vulnerable while trading below the 10 DMA, although the broader structure remains supported while the 40 DMA holds.
NY 2nd Month Cocoa Futures
NY cocoa futures dropped sharply on Tuesday, closing at 5654, down 4.69% on the session, as a large red candle confirmed renewed selling pressure after the recent failure to extend gains towards the 6458.80 resistance. Despite the decline, futures remain above the key support level at 5325.08 and comfortably above the 200 DMA at 4666, meaning the broader recovery structure has not yet broken down. However, the pullback from the recent highs suggests that buying appetite has weakened and the market is now consolidating within a wider 5325–6459 range.
The MACD diff is negative at -16.79, with the MACD line at 179.88 below the signal line at 196.66, indicating that momentum has turned softer and selling pressure is beginning to outweigh buying interest. The rise in volume to 32,092 also suggests that the downside move had stronger participation behind it.
To confirm further downside, futures need to break below the 5325.08 support level, which would expose a move towards the 5000 area and then the 200 DMA at 4666. On the upside, futures need to stabilise above 5325 and recover back towards 6000 before a retest of 6458.80 can be considered. For now, the sharp drop weakens the near-term outlook, but the broader recovery remains intact while futures hold above 5325 and the 200 DMA.
Ldn 2nd Month Cocoa Futures
