A deep dive into the technical and Proprietary Levels in Coffee, Cocoa, Sugar, and Cotton.


Cocoa
Technicals (March)
50 DMA = 3344
200 DMA = 3909
Trend Reversal Point = 4102
Cocoa futures flipped to a bullish trend on October 17 at 3669. Only a close below 4102 will return the market to a neutral trend. The market has been relentless to the bears; it would be wise to wait for a clear signal or weigh in proper risk management if you are counter-trend trading in this market.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 4250-4300***
Pivot: 4102
Support: 3909

Coffee
Technicals (March)
50 DMA = 166.89
200 DMA = 168.09
Trend Reversal Point = 177.04
Coffee futures flipped to a Bullish Trend on October 19. Only a close below 177.04 returns the market to a Neutral trend. Traders can see the breakout of the daily pennant formation for confirmation that this bull market remains healthy. Keep an eye on 180.00 and 177.04 as your risk management levels.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 190.00**
Pivot: 177.04**
Support: 168.10**,165.33**, 162.67**, 160.40***

Sugar
Technicals (March)
50 DMA = 26.53
200 DMA = 24.67
Bear trade trigger = 26.04
Has the washout finally been completed in Sugar? Sugar futures slipped back into a bearish trend on November 30 at 26.04. Only a close above 26.29 will shift traders back to a neutral trend. We will have to wait for stochastic to rise from oversold territory for confirmation that a bottom is in place.
Bias: Bearish/ Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 26.53(50 DMA)**,27.18**28.00**, 29.96**
Pivot: 24.67
Support: 23.00-22.50** Pocket Support

Cotton
Technicals (March)
50 DMA = 83.89
200 DMA = 83.13
Bull Trade Trigger = 82.83
Bear Trade Trigger = 79.43
After the December 7th limit move, cotton futures returned to a Neutral trend. Only a close above 82.83 or below 79.43 indicates the next trend.
Bias: Neutral
Previous Session Bias: Neutral
Resistance: 83.37**, 88.24**, 89.00-90.00***
Pivot: 82.83
Support: 79.43**, 77.50-75.00 Pocket Support
