Lanmar
Short

Orange Juice: Intermediate Top

ICEUSA:OJ1!   Orange Juice
OJ prices have gone up significantly very quickly since El Niño - probably the most among all commodities . Notice, last week price broke minor two month trend line followed by a .618 retracement into the trend line.

Below is a chart showing extreme lows in the US Dollar             against orange juice             prices. My yellow indicator at the bottom must correspond with price in the purple rectangle. We have that now.
snapshot


Chart below shows the key levels OJ is up against (purple boxes). Additionally, a momentum shift may be coming (see blue line on the bottom). Price will likely be challenged here. If not, they will explode higher, but I think it will be short lived if they actually do. Probability is certainly on our side for price getting challenged.
snapshot



Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out