- Analytics
- Technical Analysis
Orange Juice Technical Analysis - Orange Juice Trading: 2021-06-03
Orange Juice Technical Analysis Summary
Above 121.6
Buy Stop
Below 115.3
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
Orange Juice Chart Analysis
Orange Juice Technical Analysis
The #C-ORANGE technical analysis of the price chart in daily timeframe shows #C-ORANGE: D1 is rising above the 200-day moving average MA(200) which has started rising itself. We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 121.6. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 115.3. After placing the pending order the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (115.3) without reaching the order (121.6) we recommend cancelling the order: the market sustains internal changes which were not taken into account.
Fundamental Analysis of Commodities - Orange Juice
Brazil 2021-2022 orange crop forecast was upgraded. Will the orange prices reverse their rising?
Brazil released its first orange crop forecast for the 2021-22 season on May 27. The projected crop is 9.51% larger than the previous crop of 268.63 million boxes, according to the report published by Fundecitrus and its cooperators. Brazil is the leading orange producer in the world producing about 30% of the world's orange output. Higher supply estimates are bearish for orange price. However the current technical setup is bullish for orange price.
Explore our
Trading Conditions
- Spreads from 0.0 pip
- 30,000+ Trading Instruments
- Instant Execution
Ready to Trade?
Open Account Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.