오렌지 주스 기술적 분석 - 오렌지 주스 거래: 2019-09-02

Hurricane Dorian could damage Florida oranges harvest

U.S. The Department of Agriculture (USDA) reported a reduction in citrus trees in Florida. Will the Orange quotations grow?

On the daily timeframe Orange: D1 corrected upward from a 10-year low and approached the downtrend resistance line. Before opening a buy position, it must be broken up.Various technical analysis indicators have generated signals to increase. Further growth of quotations is possible in the event of a decrease in yield in the United States.

• The Parabolic indicator demonstrates a signal to increase.
• The Bolinger bands widened, indicating high volatility.
• The RSI indicator is above the mark of 50. No divergence is observed.
• The MACD indicator gives a bullish signal.

The bullish momentum may develop if Orange exceeds the last maximum and the upper Bollinger line: 109.5. This level can be used as an entry point. Initial stop lose may be placed below the 10-year low, the lower Bollinger band and the Parabolic signal: 90.5. After opening the pending order, the stop shall be moved following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we are changing the potential profit/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place a stop loss moving it in the direction of the trade. If the price meets the stop level (90,5) without reaching the order (109,5), we recommend to cancel the order: the market sustains internal changes that were not taken into account.

Technical Analysis Summary