This fib level is interesting. A rise to test resistance seems probable. Proceed with caution (stimulus news pending).
The FCOJ-A futures contract is the world benchmark contract for the global frozen concentrated orange juice market. Is it too late to buy Orange Juice ? I'll wait for the correction. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are...
Orange Juice low on Demand over Supply but on Technical and Seasonality Charts historically, I say we see Price at a Good Buy Price!!!
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)
Looking to buy orange juice when price hits our support level.
Oversold OrangeJuice market makes me thinking LONG.
A bull spread OJK19-OJN19 is quite low and it offers interesting RRR. COT analysis confirms an oversold state of a market. Entry -1,5 SL -2,0 ($75/contract) PT 0,0 ($225/contract)
Here we have the pullback to the former support, now resistance. It's a classic setup where I look to go short, maybe in the daily TF. Watch out for shoot through the line...be patient! Target is the Centerline. P!
As a speculator I look into the logic behind $JO supply and demand. At price levels it changes hand and the climate outlook. Lastly the technical outlook and CFTC positioning. United states imported %66 of it's JO demand from Brazil in 2017 and as citrus greening and grove renewal is continuing to cap Florida producers. Leaving the U.S heavily dependent on...
Orange Juice price is a bit oversold and a bullish correction could come very soon.
Orange Juice price is a bit oversold and a bullish correction could come very soon. I built a bull spread OJF19-OJH19 and I wait for an entry about -1,50 with SL -2,50 ($150/contract) and PT 2,00 ($525/contract).
My last analysis, signal, about the calendar spread on the Orange Juice, gives me the opportunity to talk about the starting date of the seasonal window. From my experience, I never buy or sell a spread on the day of the starting date of seasonality. The reason is that many traders do that (even without a graphical pattern or signal) and, even though the...
An interesting Spread proposed by SeasonAlgo on ORANGE JUICE, to be exact: BUY OJU18 (delivery September) and SELL OJX18 (delivery November). The bullish seasonal window started on August 1 and will end on September 2. Win: 14/15 (93%). Graphically, the chart has formed a 1-2-3 low of Ross and, after, a Ross Hook. Buying the spread if the price will rise above...
There could come a correction in a Orange Juice market. COT confirms an overbought state, so if it comes, I am looking for an entry around 0,0 in a bear spread OJX18-OJU18. SL 0,5 ($75/contract), PT 2,0 ($300/contract).
Orange Juice in a possible overbought state. Looking for a correction and short signals.
a Break here and a break of the blue trendline under would be hella bearish