Cyclical nature of orange juice gives us an opportunity Every 3-4 years since 2009, the price of orange juice has found a cyclical bottom. We are currently not only sitting on the cyclical low, but also resting on the channel range low/trend-line.
The daily chart has given a green light to get long, however, this is a monthly chart so the chop can easily last 6-12 months before lifting off (if it does)
JO1!
Orange Juice Idea Long JO1!Hi there ! The recent analysis is for Orange Juice JO1!, the most underestimated commodity i think because of low demand. As you see at the daily diagram a possible breakout is ahead the first possible resistance is at the price level of 106,8$ and the second target upward is 110,4$. This buy signal is possibly corfirmed also by Fisher transformation which tends to bouce to 1s above the mean of Gaussian bell. ADX also confirms that signal.
Hope you found this usefull.
This is not an investment advice. Invest with safety.
