Cocoa

Technicals (March)

50 DMA = 3831

200 DMA = 3305

Trend Reversal Point = 4039

Cocoa futures flipped to a bullish trend on October 17 at 3669. Only a close below 4039 will return the market to a neutral trend.

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: 4200-4250***

Pivot: 4039

Support: 3831

Coffee

Technicals (March)

50 DMA = 163.59

200 DMA = 168.10

Trend Reversal Point = 170.96

Coffee futures flipped to a Bullish Trend on October 19. Only a close below 170.96 returns the market to a Neutral trend. 

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: 190.00**

Pivot: 170.96**

Support: 168.10**,163.59**, 162.67**, 160.40***

Sugar

Technicals (March)

50 DMA = 26.91

200 DMA = 24.59

Bear trade trigger = 26.04

Sugar futures slipped back into a bearish trend on November 30 at 26.04. Only a close above 27.18 will shift traders back to a neutral trend. 

Bias: Bearish/ Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 26.91 (50 DMA)**,27.18**28.00**, 29.96**

Pivot: 24.59

Support: 24.00-23.50** Pocket Support

Cotton

Technicals (March)

50 DMA = 83.89

200 DMA = 83.13

Trend Reversal Point = 82.34

Cotton futures slipped back into a bearish trend on October 20 at 84.53. Only a close above 82.34 will shift traders back to a neutral trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 83.19- 83.45**, 88.24**, 89.00-90.00***

Pivot: 81.42

Support: 77.50-75.00 Pocket Support

Phillip Streible, Chief Market Strategist

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