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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 $130) Can't think of a better time to buy Orange Juice. But wait until weekly support is confirmed by at least two consecutive days. This is an idea only, not a financial advice.
OLong
by titusj
2
WTI OIL Still Below Key Level! Bearish Bias! Sell! Hello,Traders! OIL is trading in an uptrend and is very bullish Due to it being oversold previously And also due to the positive fundamentals picture However, it has reached the first major resistance level And failed to break it during the first attemtp While this level remains unbroken I will be bearish biased but any short needs to be low risk Because it goes counter to the trend Any long position before the breakout is also unadvisable Or permitted with lower risk If this level gets broken The next major resistance level for Oil is 76.5$ Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:USOILShort
by TopTradingSignals
11
XAUUSD !! New SetupI drew my mysterious channels and it is a logical scenario for now to wait for support from the Blue channel, of course, we will see if it can find the support it wants..We'll follow every candle closely and I will share updates on breakdowns If you like the analysis and write a comment, you will receive an instant notification when I update. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
OANDA:XAUUSD
by Wolf_of_Trading
81