Tag : orange juice futures

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…

Cotton Prices Stuck In 3 Week Consolidation
Cotton Prices Stuck In 3 Week Consolidation

Cotton Futures–-Cotton futures in the July contract is currently trading at 78.00 ending the week on a sour note after settling last Friday in New York at 78.86 down over 85 points for the week. I had been recommending a bullish position from around the 76.70 level getting stopped out earlier this week around the 77.10 level as I am…

Orange Juice Lower 9th Day In A Row
Orange Juice Lower 9th Day In A Row

Orange Juice Futures—Orange juice futures in the May contract is trading lower for the 9th consecutive session down another 70 points at 106.45 as prices have absolutely collapsed over the last several weeks. Ideal weather conditions in the state of Florida coupled with the fact that we have the largest carry over level that we’ve seen in years as fundamentally…

Cotton Prices Hit 5 Month Highs
Cotton Prices Hit 5 Month Highs

Cotton Futures—Cotton futures in the July contract is ending the week on a positive note up 126 points at 79.00 after settling last Friday in New York at 78.59 continuing its bullish momentum. I have been recommending a bullish position from around the 76.70 level and if you took that trade the stop loss has now been raised to 77.41…

Sugar Prices Look Bullish
Sugar Prices Look Bullish

Sugar Futures—Sugar futures in the July contract is trading lower by 3 points at 12.95 a pound breaking a 2 day winning streak as prices are still hovering right near a 5 week high. I will be recommending a bullish position if prices at the 13.03 level while then placing the stop loss at the contract low which was hit…

Coffee Chart Looks Interesting
Coffee Chart Looks Interesting

Coffee Futures–-Coffee futures in the May contract is trading higher by 105 points at 94.00 a pound as prices still look to be forming a bottoming out pattern in my opinion. Coffee inventories remain at 2.493 million bags as we are still right near a 4 3/4 year high as inventory levels have been the main culprit for these depressed…

Cotton Prices Higher 3rd Day In A Row
Cotton Prices Higher 3rd Day In A Row

Cotton Futures—Cotton futures are trading higher for the 3rd consecutive session up another 52 points at 79.11 as prices are right near a 4 month high continuing its bullish momentum. I have been recommending a bullish position from around the 76.70 level and if you took that trade continue to place the stop loss on a closing basis only at…