OJ - Frozen Orange Juice Is DoneIn my YT Video Analysis I talked about, how OJ is at the Apex and has a high chance to fall down to the Center-Line.
On the daily chart (see the zoomed Screenshot), you see how price is struggling to get above the U-MLH.
Great signs of weakness.
But beware, OJ is super illiquid. This means that this market can get pushed in any direction, in any magnitude.
However, it's very cool to observe, how even such over-pumped markets react to my super tools, the Andrews Pitchfork aka. Medianlines.
Let's observe how this plays out.
We can learn a lot, and use this knowledge in the future for our own trading.
As for the Medianline-Framework, price falls down to the Center-Line when traded outside the U-MLH, and then comes back into the Fork.
Observation Mode ON!
Peace4TheWorld
OJ1!
INFLATION INCOMING - Real world implications (Oranges)Orange Juice is a clean way to define a couple of key things:
-- Weather forecasts
-- Inflation
-- Supply shocks
-- Global trade
Recently, I've taken note that OJ futures have skyrocketed more than 200% in the last 3 years. I was so surprised in fact, I had to look at it versus other commodities, which have seen a mild bounce (Wheat, Oats). And bigger spikes (Pork, Chicken) during the supply shocks of the pandemic.
But OJ keeps bucking the trend! Is this the REAL effect of inflation?
INFLATION is coming (Real consumer costs) Orange Juice is a clean way to define a couple of key things:
-- Weather forecasts
-- Inflation
-- Supply shocks
-- Global trade
Recently, I've taken note that OJ futures have skyrocketed more than 200% in the last 3 years. I was so surprised in fact, I had to look at it versus other commodities, which have seen a mild bounce (Wheat, Oats). And bigger spikes (Pork, Chicken) during the supply shocks of the pandemic.
But OJ keeps bucking the trend! Is this the REAL effect of inflation?
Doubling Orangejuice? #OJ1! #Ojuice #orangejuice @stefanjbodeOrange juice is preparing for a breakout.
If this breakout is confirmed, then a doubling of the price in the next 3-4 years should not be surprising.
#FCOJ doubling orangejuice #OJ1! #Ojuice #orange
wkr from Hanover
@StefanJBode
#StefanBode
OJUSD LONG - Buy Entry - D1 ChartOJUSD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: OJUSD Orange Juice
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Last High Resistance @ 170.38
Resistance @ 164.69
Resistance @ 154.11
Support @ 145.24
Pivot Point Yearly @ 134.5833
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Orange Juice heading towards a clear resistance OJ is moving in a channel up movement and unstoppable in the past few weeks.
It looks like it's moving to the resistance at the level 169, 170 level which is both historical horizontal resistance and channel upper boundary.
Channel boundaries have worked reliably in the past to dictate the movement, and I am hoping it will be the case at 170. In the long run, I still think OJ is moving to the 220 region which is the ultimate test and massive historic resistance.
Weekly Market Focus 09-28: S&P500, WTI Crude, OJ, EUR, AUD, JPY
======================================= September 28, 2020 -------------------------------------------------------> 10-02-2020
S&P500 Trade Setup --------------------------------
S&P500 Trades can be found in this post -----------------
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WTI Crude OIl Trade Setup -----------------------
WTI Crude Oil Trades can be found in this post -----------------
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Orange Juice Trade Setup --------------------------------
Orange Juice Trades can be found in this post -----------------
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EURAUD Trade Setup --------------------------------
EURAUD Trades can be found in this post -----------------
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AUDJPY Trade Setup --------------------------------
AUDJPY Trades can be found in this post -----------------
--------------------------------------------------------------------------------------------------------------------------------------------
Other JPY Crosses -----------------
can be found in this post:
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OJ1! @ daily @ highest H/L-Range commodity (of 32) while 2017This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close (32 Commodities)
drive.google.com
Best regards :)
Aaron
Orange Juice to 160Orange Juice has put in a weekly pin bar at the major level of $200. Also, on the daily chart we put in a evening star, which spells trouble for the future prices. We also are in an ascending wedge that if broken in the near term future targets $160. This wedge also has weekly divergence, which confirms this move. The next support level would be $100. Finally, from a fundamental view less and less frozen OJ is being bought from consumers all while price is at the highest level it's been, which doesn't make sense seeing that demand is just overall low. Yes, of course there is less producing now and businesses shutting down in Florida, but the reason is because of the demand. All the details are in the chart.
Orange Juice: Intermediate Top 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.
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.