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.
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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)
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. 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).
