Long
Best time to buy Orange Juice?
Orange Juice demand/supply cycle frequency appears to be 170 days. Close to 25 weeks or 6 months.
When the price falls down, they come in three big waves. But the price increase happens fast. It takes about 2 months to increase the price to the maximum level.
Price falling happens slowly, takes about 4 months.
The last bull run in March couldn't break the resistance and fell back to the weekly support level. I can't see a reason for the price breaking weekly support.
A sharp price drop to key levels always shows a strong pullback. If the next bull run can break the resistance, the price could settle around $119 (or shoot past it to the previous high $130)
Can't think of a better time to buy Orange Juice. But wait until weekly support is confirmed by at least two consecutive days.
This is an idea only, not a financial advice.
When the price falls down, they come in three big waves. But the price increase happens fast. It takes about 2 months to increase the price to the maximum level.
Price falling happens slowly, takes about 4 months.
The last bull run in March couldn't break the resistance and fell back to the weekly support level. I can't see a reason for the price breaking weekly support.
A sharp price drop to key levels always shows a strong pullback. If the next bull run can break the resistance, the price could settle around $119 (or shoot past it to the previous high $130)
Can't think of a better time to buy Orange Juice. But wait until weekly support is confirmed by at least two consecutive days.
This is an idea only, not a financial advice.
Note
Long term support and trends show a higher chance for a large bull run.Note
Orange Juice at an extremely bargain price. Still maintaining the ascending triangle boundaries. I would expect a retest at upper resistance and breakout soon (within weeks). 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.