NY 2nd Month Sugar Futures
NY sugar futures surged on the latest session, closing at 17.81, up 0.37 on the day, as prices extended the sharp breakout that began earlier in August. The strong green candle confirms continued buying appetite, with futures trading well above the 10 DMA at 16.77, the 40 DMA at 15.66 and the 100 DMA at 15.16. This keeps the technical structure firmly bullish, with the market now trading close to the 18.00 level after decisively clearing previous resistance around 16.00 and 17.00.
The stochastics are elevated, with %K at 88.73 above %D at 84.72, signalling strong upside momentum, although futures are now firmly in overbought territory. The MACD diff is positive at 0.1958 and widening, confirming that buying pressure continues to build.
To confirm continuation higher, futures need to break and hold above 18.00, which would open the way for further upside extension. On the downside, a move back below 17.00 would suggest the rally is losing momentum, with the 10 DMA at 16.77 acting as the first key support. For now, the trend remains strongly constructive, but overbought indicators suggest the pace of gains may become more vulnerable to short-term consolidation.
Ldn 2nd Month Sugar Futures
Ldn sugar futures also surged, closing at 516.00, up 11.00 on the session, as prices extended the breakout above the psychological 500 level. The strong green candle confirms sustained buying interest, with futures trading comfortably above the 10 DMA at 490.60, the 40 DMA at 467.58 and the 100 DMA at 449.02. The move reinforces the bullish structure and shows that the market is continuing to build upside momentum after breaking through the previous resistance zone around 480–500.
The stochastics are also elevated, with %K at 90.13 above %D at 86.10, indicating strong upside momentum but increasingly stretched conditions. The MACD diff is positive at 4.7984 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 above this level would keep the bullish structure intact and open the way for further gains. On the downside, a break back below 500 would suggest some loss of momentum, with the 10 DMA at 490.60 becoming the first major support. For now, Ldn sugar remains strongly bullish, although overbought stochastics point to a growing risk of a pause if follow-through buying starts to slow.
NY 2nd Month Coffee Futures
NY coffee futures edged lower on the latest session, closing at 312.80, down 7.15 on the day, as prices pulled back after the recent recovery attempt. The red candle confirms selling pressure on the session, although futures remain marginally above the 10 DMA at 312.40, as well as the 40 DMA at 306.96 and the 100 DMA at 289.32. This suggests that the broader recovery structure is still intact, but the market is struggling to generate sustained upside momentum above the 315–320 area.
The stochastics are broadly flat, with %K at 52.68 almost in line with %D at 52.69, indicating a lack of clear directional momentum. The MACD diff is negative at -0.51, with the MACD line below the signal line, suggesting that buying pressure has weakened after the recent stabilisation.
To confirm a renewed move higher, futures need to hold above the 10 DMA and push back through resistance around 320, which would open the way towards the recent highs. On the downside, a break below the 10 DMA would put the 40 DMA at 306.96 back in focus, with a move below this level weakening the recovery structure. For now, the chart points to consolidation with a slightly softer bias, as futures remain above key averages but indicators lack conviction.
Lnd 2nd Month Coffee Futures
Ldn coffee futures dropped more sharply, closing at 3644, down 108 on the session, as a large red candle confirmed a decisive loss of near-term momentum. The move pushed futures below both the 10 DMA at 3782 and the 40 DMA at 3771, signalling a clear deterioration in the short-term technical picture. However, prices remain above the 100 DMA at 3550, meaning the broader recovery has not fully broken down yet. The sharp fall suggests that selling pressure has re-emerged after the market failed to sustain gains near the 3800–3900 area.
The stochastics are falling, with %K at 20.55 below %D at 32.19, indicating weakening momentum and a move towards oversold territory. The MACD diff is negative at -21.34, with the MACD line well below the signal line, confirming that selling pressure has strengthened.
To confirm further downside, futures need to break below the 100 DMA at 3550, which would expose the 3400 area and signal a deeper correction. On the upside, futures need to reclaim the 40 DMA and 10 DMA cluster around 3770–3780 to stabilise the near-term outlook. For now, Ldn coffee looks weaker than NY coffee, with price action and indicators both pointing to downside pressure unless the 100 DMA holds.
NY 2nd Month Cocoa Futures
NY cocoa futures edged lower on the latest session, closing at 5719, down 0.10% on the day, as prices continued to consolidate after the recent pullback from the highs near 6458.80. The small red candle points to limited selling pressure rather than a decisive breakdown, but futures remain below the 10 DMA at 5846, suggesting that near-term upside momentum is still capped. However, prices continue to trade above the 40 DMA at 5482 and the 200 DMA at 4659, keeping the broader recovery structure intact. The market is still holding comfortably above the key support level at 5325.08, which remains important for confirming whether the recent correction can stabilise.
The stochastics are softening, with %K at 50.14 below %D at 55.30, signalling that upside momentum has faded and that the market lacks a clear bullish trigger for now. The MACD diff is negative at -32.20, with the MACD line below the signal line, confirming that selling pressure remains present despite the relatively small move lower.
To confirm renewed upside momentum, futures need to reclaim the 10 DMA at 5846 and then push back towards 6000, with a break above this level opening the way for another test of 6458.80. On the downside, a break below 5325.08 would weaken the recovery structure and expose the 40 DMA at 5482 first, followed by deeper support towards the 200 DMA. For now, NY cocoa looks rangebound, with the broader structure still supported but short-term momentum pointing to caution.
Ldn 2nd Month Cocoa Futures
