- Analytics
- Technical Analysis
Orange Juice Technical Analysis - Orange Juice Trading: 2021-04-30
Orange Juice Technical Analysis Summary
Below 111.49
Sell Stop
Above 115.92
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Sell |
Orange Juice Chart Analysis
Orange Juice Technical Analysis
The #C-ORANGE technical analysis of the price chart in 4-hour timeframe shows #C-ORANGE: H4 failed to breach above the resistance line and is retracing lower to test the 200-period moving average MA(200), which is declining itself. We believe the bearish momentum will continue as the price breaches below the lower Donchian boundary at 111.49. A pending order to sell can be placed below that level. The stop loss can be placed above 115.92. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Commodities - Orange Juice
Orange cop projections downgrade prompted price increase a couple of weeks ago. Will the ORANGE price resume advancing?
Couple of weeks ago orange crop projections were downgraded both for Florida and Brazil, world’s top orange producer and exporter. Thus, US Department of Agriculture (USDA) downgraded Florida oranges 2020-2021 production to 51.7 million boxes on April 9, down 7% from March’s 55.5 million box projection. And a few days later on April 12 Brazil’s Fundecitrus and its cooperators estimated 2020-2021 Brazil orange crop 30.55% smaller than the 2019-2020 crop. Lower crop forecasts prompted an increase in orange prices. However, the price is retracing lower now and the technical setup is bearish for orange price.
- Get Certificate
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.