Orange Price Forecast Remains Bullish | IFCM
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Orange Price Forecast Remains Bullish

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The #C-ORANGE price forecast in our November 25, 2020 technical analysis was bullish.

  • Estimates for Florida’s citrus harvest dropped 15 percent in the US monthly crop report for November.
  • #C-ORANGE,Daily gained 0.9% last week.

Here is what indicators show as of November 30, 2020:

  • The Parabolic Indicator gives a bullish signal.
  • The Donchian channel indicates uptrend: it is tilted up.
  • The MACD indicator gives a bullish signal: it is above the signal line and the gap is widening.
  • The RSI oscillator gives a neutral signal.
  • The Fractals give a bullish signal.
  • The MA(200) indicator gives a bullish signal.

So the bullish forecast still stands for the #C-ORANGE,Daily .

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