NY 2nd Month Sugar Futures
NY sugar futures edged lower on Friday as prices failed to sustain the recovery above 19.00 and closed at 18.85. Futures remained below the closely aligned 40 and 10 DMAs at 19.20 and 19.25, respectively, maintaining the weaker short-term structure following the sharp correction from above 20.00. The rising 100 DMA at 17.45 remains comfortably below current prices, preserving the broader upward trend, but the 19.20–19.25 area now forms robust resistance.
The stochastics are beginning to recover from near-oversold territory, with %K/%D at 29.51/28.89 and %K marginally above %D. This tentative upside crossover suggests that selling momentum may be stabilising, although the narrow separation provides limited confirmation of a sustained recovery. Conversely, the MACD diff is negative and diverging at -0.1678, with the MACD line at -0.0365 below the signal line at 0.1313, confirming continued selling pressure.
Ldn 2nd Month Sugar Futures
Lnd sugar futures edged lower on Friday as the recovery from the recent sell-off lost momentum, with prices closing at 535.90. Futures settled below the 40 DMA at 539.91 and remained well below the 10 DMA at 545.98, confirming that the rebound has yet to repair the weaker short-term structure. The rising 100 DMA at 504.08 continues to provide more substantial support and preserves the broader upward trend, but the market remains vulnerable while trading below the 40 DMA.
The stochastics remain subdued, with %K/%D at 25.00/30.19 and %K below %D. The configuration signals continued appetite for lower prices, although the indicators are approaching oversold territory and suggest that the decline is becoming stretched. The MACD diff is negative and diverging at -4.3129, with the MACD line at 0.6005 below the signal line at 4.9134, highlighting persistent selling pressure and supporting the weaker near-term outlook.
NY 2nd Month Coffee Futures
NY coffee futures held broadly unchanged on Friday as tentative buying interest around the recent lows saw prices close at 276.80. Futures remained below the 40 DMA at 284.14 and the 10 DMA at 288.94, while the 100 DMA at 297.05 continues to provide more substantial resistance. The market’s position below all three moving averages confirms the weaker technical structure following the rejection from the October high around 305. Prices continue to test the 275 area, which is the immediate support protecting the September low.
The stochastics remain deeply oversold, although %K has crossed marginally above %D at 12.91/11.27. This tentative upside crossover suggests that selling momentum may be beginning to stabilise, but the limited separation between the lines provides little confirmation of a sustained recovery. The MACD diff is negative and diverging at -1.62, with the MACD line at -2.00 below the signal line at -0.37, highlighting continued selling pressure and maintaining the bearish near-term outlook.
Lnd 2nd Month Coffee Futures
Lnd coffee futures edged higher on Friday as limited buying interest around the latest lows saw prices close at 3204. Futures nevertheless remained well below the 10 DMA at 3281 and the 40 DMA at 3390, while the 100 DMA at 3583 continues to provide substantial longer-term resistance. The market remains in a clear sequence of lower highs and lower lows, with the position below all three moving averages confirming the broader bearish structure. Prices are now consolidating close to the key support area around 3200.
The stochastics remain in oversold territory, although %K has crossed above %D at 17.83/14.76. This bullish crossover suggests that selling momentum is beginning to moderate and could support a limited technical recovery. However, the MACD diff is negative and diverging at -20.19, with the MACD line at -69.74 below the signal line at -49.55, confirming persistent selling pressure and providing no broader evidence of a reversal.
NY 2nd Month Cocoa Futures
NY cocoa futures edged higher on Friday as limited buying interest around the recent lows saw prices close at 5556. Futures nevertheless remained below the 10 DMA at 5702 and the 40 DMA at 5768, while the close also stayed below the 100 DMA at 5618. The move beneath all three averages confirms the deterioration in the technical structure following the failure to hold above 5800, although the market continues to find some support around 5500.
The stochastics remain in oversold territory, but %K has moved above %D at 16.88/13.75, suggesting that selling momentum is beginning to stabilise. However, the MACD diff is negative and diverging at -25.86, with the MACD line at -55.68 below the signal line at -29.82, confirming persistent selling pressure and leaving the tentative recovery without broader momentum support.
Ldn 2nd Month Cocoa Futures
Lnd cocoa futures edged lower on Friday as continued selling pressure saw prices close at 4234. Futures remained below the closely aligned 10 and 40 DMAs at 4327 and 4338, respectively, maintaining the weaker short-term structure following the rejection from the October highs around 4500. Prices continue to trade above the rising 100 DMA at 4181, which is now the critical support protecting the broader recovery.
The stochastics remain in oversold territory, although %K has crossed marginally above %D at 15.27/13.38. This tentative bullish crossover suggests that selling momentum may be beginning to moderate, but the low readings and narrow separation provide limited confirmation of a sustained recovery. The MACD diff is negative and diverging at -20.27, with the MACD line at -19.67 below the signal line at 0.60, highlighting growing selling pressure and maintaining the weaker near-term outlook.
