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)
Hi there ! The recent analysis is for Orange Juice JO1!, the most underestimated commodity i think because of low demand. As you see at the daily diagram a possible breakout is ahead the first possible resistance is at the price level of 106,8$ and the second target upward is 110,4$. This buy signal is possibly corfirmed also by Fisher transformation which tends...