Orange Juice heading towards a clear resistance
OJ is moving in a channel up movement and unstoppable in the past few weeks.
It looks like it's moving to the resistance at the level 169, 170 level which is both historical horizontal resistance and channel upper boundary.
Channel boundaries have worked reliably in the past to dictate the movement, and I am hoping it will be the case at 170. In the long run, I still think OJ is moving to the 220 region which is the ultimate test and massive historic resistance.
It looks like it's moving to the resistance at the level 169, 170 level which is both historical horizontal resistance and channel upper boundary.
Channel boundaries have worked reliably in the past to dictate the movement, and I am hoping it will be the case at 170. In the long run, I still think OJ is moving to the 220 region which is the ultimate test and massive historic resistance.
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