Tag Archives | orange juice futures

OJ Futures

FCOJ – A Retracement Ahead

On the one month relative performance OJ has been the best performer with November futures higher by 12% as of this post. Me being a contrarian I’d like to fade this appreciation with clients. As one can see prices have been running into resistance for the last two weeks just above current trade as identified […]

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Orange Juice Trade Recommendation

The OJ market has seen a sharp move higher today and we are reading this as a short squeeze. We could see it go a bit higher but with the 2007 hurricane season ending with no hurricanes in sight. the fear that has kept this market up should begin to come out. Our Proprietary models […]

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Orange Juice Futures

OJ Trade Recommendation

OJ had been on a very long term up trend since 2004, but that trend has now decisively broken down. It is now making a classic bear flag as you can see on the chart below. This market is destined for a much deeper correction after the huge run up it has seen. A 50% […]

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Orange Juice Futures

OJ Trade Recommendation

OJ has been trying unsuccessfully to break through resistance for some time now. We have already seen a substantial rally in the OJ market and just like the stock market a healthy correction is needed. Notice on the left side of the chart below all the gaps that this market left many months ago. Any […]

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Orange Juice Futures

Orange Juice Trade

OJ is usually a rather quiet market. We have seen this market quietly move up to and through 2.00. This market is thinly traded and has a tendency to pullback after hitting new highs. On the longer term charts you can see that we have just hit very significant long term resistance. This should prove […]

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