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Take A Look At Orange Juice


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Orange Juice Futures--- Orange juice futures in the January contract hit a 4 week low in today's trade down 435 points at 157.70 as this trend has turned bearish on warmer weather forecasts for the state of Florida as we enter the very volatile frost season which could spike prices up tremendously in a matter of weeks if a frost occurs therefore reducing yields.

Juice prices topped out on November 13th around the 170 level while now trading below its 20 day but still above is 100 day moving average which stands at the 149 level as this has been in a bullish trend until recently over the last 5 months possibly forming a rounding top in this commodity so look for a possible short position in the days ahead.

The chart structure at the current time is solid and in a couple of days it will also improve therefore lowering the monetary risk as ideal weather conditions in the country of Brazil which is the largest producer of oranges in the world which is also starting to put some pressure onto this market.

If you have read my previous blogs I have a bullish bias going into 2018 on many commodity sectors, however this market historically speaking is relatively high as there could be room to run to the downside especially if we produce an excellent crop in the United States this winter so look to play this to the downside while risking 2% of you account balance on any given trade.

TREND: LOWER

CHART STRUCTURE: SOLID

VOLATILITY---INCREASING

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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