Tag : orange juice futures

Can Orange Juice Go To 75 ?
Can Orange Juice Go To 75 ?

Orange Juice Futures—Orange juice is trading sharply lower this Tuesday in New York down another 500 points at 97.20 and now has traded lower 7 out of the last 8 sessions.I have written about orange juice for quite some time and I thought prices would crack the 100 level and then test 90 as I see no reason to be…

Excellent Chart Structure In Coffee
Excellent Chart Structure In Coffee

Coffee Futures—Coffee futures in the July contract is currently trading higher by 90 points at 93.55 a pound as prices are right near a 2 week high as it looks to me that a possible spike bottom may have been created on April 17th at 89.00 as I’m keeping a close eye on a bullish position. Coffee prices are trading…

Are Sugar Prices Expensive ?
Are Sugar Prices Expensive ?

Sugar Futures—Sugar futures in the July contract settled sharply lower finishing down 2.53% or 32 points at 12.33 a pound looking to break out of an 8 week tight channel formation. If you take a look at the daily chart the 13.00 level was touched on multiple occasions only to fail as now they are testing the bottom end of…

Where Is The Bottom In Orange Juice ?
Where Is The Bottom In Orange Juice ?

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Weather Is The Main Factor Towards Cotton Prices
Weather Is The Main Factor Towards Cotton Prices

Cotton Futures—Cotton futures in the July contract are currently trading at 77.37 after settling last Friday in New York at 78.27 down about 90 points for the trading week as prices are right near a 3 week low. Harvest is in full swing in the southern part of the United States as ideal weather conditions are at hand as prices…

Coffee Chart Looks Interesting
Coffee Chart Looks Interesting

Coffee Futures—Coffee futures in the July contract settled last Friday in New York at 92.90 while currently trading at 93.90 up about a 100 points as prices are now right near a 2 week high. Coffee prices are trading right at their 20 day but still below their 100 day moving average which stands at 103 as I think there’s…

Stay Short Orange Juice
Stay Short Orange Juice

Orange Juice Futures—Orange juice futures in the July contract is trading higher by 45 points at 104.90 in a very quiet trade this Thursday afternoon in New York as the trend still remains bearish despite today’s slight gains. Orange juice prices are trading at a 7 year low as I’ve written about previous blog I think we will crack the…

Coffee Fundamentals Remain Bearish
Coffee Fundamentals Remain Bearish

Coffee Futures—Coffee futures in the July contract is trading higher for the 2nd consecutive session up another 60 points at 93.85 a pound in a quiet Wednesday in New York. Heavy rains in the country of Brazil are causing some concerns about a possible delay in harvest, however the fundamental situation still remains bearish as the international coffee organization on…

Orange Juice Looks To Break 100
Orange Juice Looks To Break 100

Orange Juice Futures–-Orange juice in the July contract settled sharply lower finishing down 425 points at 105.55 hitting a 7 year low and in my opinion looks to break the 100 level in the coming days ahead. Juice prices are trading far below their 20 and 100 day moving average as the trend is bearish as fundamentally & technically speaking…

Does Anybody Drink Coffee ?
Does Anybody Drink Coffee ?

Coffee Futures—Coffee futures in the July contract finished down 5 points at 92.85 a pound selling off from session highs as prices traded at 95.25 before profit taking took place. The volatility in coffee over the last 3 trading sessions has been relatively high as this market has continually grinded lower for months as prices hit a 14 year low…