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Orange Juice Technical Analysis - Orange Juice Trading: 2021-10-22

Orange Juice Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 129

Buy Stop

Below 118

Stop Loss

Dmitry Lukashev
Senior Analytical Expert
Articles 1877
RSI Neutral
MA(200) Neutral
Fractals Neutral
Parabolic SAR Buy
Bollinger Bands Neutral

Orange Juice Chart Analysis

Orange Juice Chart Analysis

Orange Juice Technical Analysis

On the daily timeframe, ORANGE: D1 has not yet turned upward. A buy signal may appear if the 200-day moving average line is exceeded. Several technical analysis indicators have generated signals for further upside. We do not rule out a bullish movement if ORANGE rises above the 200-day moving average line: 129. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal and the lower Bollinger line: 118. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (118) without activating the order (129), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Orange Juice

In the US, the citrus crop is expected to decline. Will the ORANGE quotes grow?

The United States Department of Agriculture (USDA) expects a 12% drop in orange harvest in the 2021/2022 agricultural season from 2020/2021 to 3.88 million tonnes. In the state of Florida, the harvest may decrease by 11% and in California - by 13%. Recall that in the current season 2020/2021, orange production in the United States also decreased compared to the 2019/2020 season - by 15%.

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