ORANGE JUICE IS APPROACHING A KEY HISTORICAL LEVEL AT 200§
FIRSTLY WE LOOK AT THE MONTHLY WITH A 30 YEAR SPAN, AND WE NOTICE A TRIPLE TOP HAS ALREADY OCCURRED THE FIRST TEST F THIS KEY LEVEL BEING IN THE LATE 80S THE NEXT TEST BEING A PRE 08 RALLY THAT OCCURRED BEFORE THE MAJOR CRASH BACK THEN
EACH TIME WE APPROACH THIS LEVEL PRICE RETREATS STEEPLY
THE ONLY BREAK ABOVE THIS LEVEL EVER WAS A FALSE BREAKOUT IN 2013 WHEN BUYERS COULD NOT HOLD THERE GAINS AND WE TESTED 230.
I WILL BE SHORTING TO GO SHORT THIS COMING WEEK, IDEALLY ABOVE 200 BUT ABOVE 195 IS OK? STOP LOSSES AT 215 MAX
WORTH NOTING ALL HIGH TIME FRAMES ARE OVERBOUGHT MONTHLY INCLUDED WHICH FITS PERFECTLY WITH THE CORRELATION BETWEEN SUMMER AND THE PRICE OF ORANGE JUICE, WE GENERALLY SEE YEARLY DECLINES AROUND THIS PERIOD!! FIRST TP IS 160 FINAL TP 142
FIRSTLY WE LOOK AT THE MONTHLY WITH A 30 YEAR SPAN, AND WE NOTICE A TRIPLE TOP HAS ALREADY OCCURRED THE FIRST TEST F THIS KEY LEVEL BEING IN THE LATE 80S THE NEXT TEST BEING A PRE 08 RALLY THAT OCCURRED BEFORE THE MAJOR CRASH BACK THEN
EACH TIME WE APPROACH THIS LEVEL PRICE RETREATS STEEPLY
THE ONLY BREAK ABOVE THIS LEVEL EVER WAS A FALSE BREAKOUT IN 2013 WHEN BUYERS COULD NOT HOLD THERE GAINS AND WE TESTED 230.
I WILL BE SHORTING TO GO SHORT THIS COMING WEEK, IDEALLY ABOVE 200 BUT ABOVE 195 IS OK? STOP LOSSES AT 215 MAX
WORTH NOTING ALL HIGH TIME FRAMES ARE OVERBOUGHT MONTHLY INCLUDED WHICH FITS PERFECTLY WITH THE CORRELATION BETWEEN SUMMER AND THE PRICE OF ORANGE JUICE, WE GENERALLY SEE YEARLY DECLINES AROUND THIS PERIOD!! FIRST TP IS 160 FINAL TP 142