Lanmar

Orange Juice - At critical level

Short
ICEUSA:OJ1!   None
I am going to wait for a signal to short this. This has been an incredibly powerful bull run. As you could see, OJ runs with force when it trends, so it's a very difficult market to capture unless you're way ahead.

Ultimately, level 3 should be established at some point and OJ will probably create a new range above 200. For now let's look at the signals and short this if we can.
Comment: From level 3 down 25%
From purple down 20%
Trade closed: target reached
Trade active: OJ short is back in play. Looking at a minimum retest of the 2012 and 2015 lows. I believe we will eventually go even lower.


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