NY 2nd Month Sugar Futures
NY sugar futures edged lower on Friday, settling at 17.81, down 0.44 on the session as prices pulled back after testing fresh highs above 18.00. The red candle signals some profit-taking following the sharp rally seen throughout August, but futures remain comfortably above the 10 DMA at 16.77, the 40 DMA at 15.66 and the 100 DMA at 15.16. The broader structure remains strongly constructive, with prices continuing to trade well above the former resistance zone around 16.00. While the latest session reflects a pause in momentum, there is little evidence yet that the broader uptrend is under threat.
The stochastics remain elevated, with %K at 88.73 above %D at 84.72, indicating that upside momentum remains strong despite the pullback. The MACD diff is positive at 0.1958 and continues to widen, confirming that buying pressure still dominates the broader trend.
To confirm a continuation higher, futures need to hold above the recent breakout area around 17.00 and then retest resistance at 18.00. A sustained move through this level would reinforce the bullish structure and open the way towards higher targets. On the downside, a break below the 10 DMA at 16.77 would signal that momentum is fading and expose support at the 40 DMA. For now, the decline appears corrective within a firmly established uptrend.
Ldn 2nd Month Sugar Futures
Ldn sugar futures also edged lower on Friday, closing at 516.00, down 2.00 on the session as prices consolidated following the recent breakout above 500. The red candle reflects mild profit-taking rather than aggressive selling, with futures remaining comfortably above the 10 DMA at 490.60, the 40 DMA at 467.58 and the 100 DMA at 449.02. The contract continues to trade near multi-month highs, and the latest pullback has done little damage to the broader bullish structure.
The stochastics remain strong, with %K at 90.13 above %D at 86.10, signalling powerful upside momentum despite increasingly overbought conditions. The MACD diff remains firmly positive at 4.7984 and continues to widen, highlighting persistent buying pressure behind the rally.
To confirm further upside, futures need to maintain support above 500 and then challenge resistance around 520. A break through this level would signal a continuation of the recent breakout. On the downside, a move back below 500 would weaken near-term momentum and bring the 10 DMA at 490.60 into focus. For now, Friday's decline looks like consolidation after a powerful rally, with the broader trend remaining firmly constructive while prices hold above key moving averages.
NY 2nd Month Coffee Futures
NY coffee futures edged higher on Friday, closing at 314.30, up 1.50 on the session as prices stabilised after the recent weakness. The small green candle highlights modest buying interest, with futures continuing to hold above the 10 DMA at 312.36, the 40 DMA at 308.02 and the 100 DMA at 289.46. While the advance was limited, the ability to remain above all three moving averages suggests that the broader recovery structure remains intact. Recent price action continues to point to consolidation above the 300 level rather than a renewed push towards the highs near 350.
The stochastics are broadly neutral, with %K at 50.75 below %D at 52.05, suggesting a lack of strong momentum in either direction. The MACD diff remains negative at -0.53, with the MACD line below the signal line, indicating that upside momentum has yet to fully re-establish itself despite the higher close.
To confirm a stronger recovery, futures need to hold above the 10 DMA and push through resistance around 320, which would open the way towards 335 and then the recent highs near 350. On the downside, a break below the 10 DMA would weaken the near-term outlook and shift focus back towards the 40 DMA at 308.02. For now, the structure remains constructive, but the indicators suggest that buying momentum remains tentative.
Lnd 2nd Month Coffee Futures
Ldn coffee futures dropped further on Friday, closing at 3594, down 50 on the session as a clear red candle extended the recent period of weakness. The move pushed prices further below the 10 DMA at 3764 and below the 40 DMA at 3771, confirming that near-term momentum remains firmly to the downside. Futures are trading only marginally above the 100 DMA at 3549, making this level the key support for the broader recovery structure.
The stochastics continue to weaken, with %K at 17.29 below %D at 27.23, indicating that downside momentum remains dominant and that the market is approaching oversold territory. The MACD diff is negative at -28.27, with the MACD line well below the signal line, confirming that selling pressure remains firmly in control.
To confirm further downside, futures need to break below the 100 DMA at 3549, which would expose a move towards 3400 and potentially the key support at 3166. On the upside, futures need to reclaim the 40 DMA and 10 DMA cluster around 3765–3770 to stabilise the near-term outlook and reduce downside pressure. For now, Ldn coffee appears considerably weaker than NY coffee, with prices testing major support levels and momentum indicators continuing to deteriorate.
NY 2nd Month Cocoa Futures
NY cocoa futures edged higher on Friday, closing at 5773, up 0.94% on the session, as prices stabilised after the recent pullback from the 6458.80 resistance area. The small green candle suggests some buying interest, although the move was not strong enough to reclaim the 10 DMA at 5869. Futures remain above the 40 DMA at 5520 and comfortably above the 200 DMA at 4657, keeping the broader recovery structure intact. The market is also holding above the key 5325.08 support level, which remains important for confirming whether the recent consolidation can hold.
The stochastics are softening, with %K at 43.99 below %D at 51.53, indicating that upside momentum is still fading despite the higher close. The MACD diff remains negative at -32.74, with the MACD line below the signal line, suggesting that buying pressure has not yet fully returned.
To confirm a stronger recovery, futures need to reclaim the 10 DMA at 5869 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 the 40 DMA at 5520 would weaken the near-term structure and shift focus back towards 5325.08. For now, Friday’s move points to stabilisation, but futures need to regain the 10 DMA to confirm stronger upside momentum.
Ldn 2nd Month Cocoa Futures
