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The Trade Spotlight service provides trading education while identifying commodity trading opportunities from chart formation breakouts with confirmation from key technical indicators. There is a trade opportunity based on potential breakout in the Orange Juice futures market.
On Friday we were focused in on a possible failed bounce in the OJ market once the small rally started to weaken near the 183.00 level.
Last week (on Wednesday the 21st) we were focused in on the failed bounce in the OJ market once the trendline was penetrated near the 194.85 level.
Dead cat bounce? After initially breaking through the trendline, Orange Juice made an attempt to climb back above it Monday and Tuesday…
There is a MORNING STAR that formed with yesterday and today’s price action.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
On Thursday cocoa futures rallied for the second straight session following arrivals that were lower than forecasted in top grower Ivory Coast.
Americans are kicking orange juice to the curb as futures fell to the lowest since January.
U.S. orange juice retail sales have dropped to their lowest ever recorded.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.