Cocoa
Technicals (December)
Cocoa futures corrected sharply after making new contract highs! Cocoa has traded with a Bullish trend since August 17 at 3512. Only a breakdown below 3556 will shift traders to the sidelines.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 3700-3750***
Pivot: 3556
Support: 3391**, 3300-3250***
Coffee
Technicals (December)
Coffee futures stage a three-day rally, triggering our trend neutralizer. Only a close above 159.69 or below 152.48 indicates the next direction.
Bias: Neutral
Previous Session Bias: Neutral/Bearish
Resistance: 159.69**, 160.00**, 163.58**, 165.34-166.00***
Pivot: 155.00
Support: 151.37***
Sugar
Technicals (March)
Sugar futures corrected from Friday’s new contract highs. The market has been bullish since August 25, and only a breakdown below 25.77 will take it back to a neutral trend.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 27.95-28.00***
Pivot: 25.65
Support: 24.74***
Cotton
Technicals (December)
Cotton continues to consolidate in a Neutral trend. Only a close above 88.49 or below 84.99 will determine the next tradable direction.
Bias: Neutral
Previous Session Bias: Neutral
Resistance: 88.49**, 89.00-90.00***
Pivot: 85.88
Support: 84.99**, 82.00-81.90**, 81.67***
Rough Rice
Technicals (November)
Yesterday’s washout has driven prices to a Bearish Trend at 15.795 on September 11. Once a close over 16.450 will drive prices back to a Neutral trend.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 16.45**, 17.00****
Pivot: 16.00
Support: 15.00**, 14.75***
Milk Class III
Technicals (October)
Milk futures slide to a Bearish Trend on September 18 at 17.80. Only a close over 18.92 will neutralize the new trend.
Bias: Bearish/Neutral
Previous Session Bias: Neutral
Resistance: 18.92***
Pivot: 18.45
Support: 17.50**
