Are Orange Juice Prices Headed Higher ?

29 Sep in Blog, Cocoa futures, coffee futures trading, commodity trading, cotton futures, lumber futures, Michael Seery, orange juice futures, Seery Futures.com, sugar futures

Orange Juice Futures--- Orange juice futures in the November contract for the week were down around 1000 points right near fresh four week lows after climbing to contract highs at 130 just a couple weeks ago prices have fallen out of bed and now retesting the bottom side of the chart with major support around the 105 area which in my opinion I think it will hold, however with hurricane season not affecting any of the growing areas in Florida you could be looking at a solid orange juice harvest this year. In my opinion I believe orange juices can remain in choppy for the next couple of months and I still recommend traders have no position in this market because of the fact that you want to focus on markets that are trending and orange juice has been very choppy and choppy markets are very difficult to make any money. Keep an eye on the orange juice market but at this point in time I have no recommendation. Orange juice futures can become extremely volatile even from the drop from 130 all the way down the 115 is almost $2,300 on one contract so remember to always use stop losses because there is always risk involved in any trade that you place. If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.

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