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Looking To Buy Orange Juice


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Orange Juice Futures---Orange juice futures in the November contract settled last Friday in New York at 99.85 while currently trading at 99.70 as prices have gone sideways over the last several weeks.

In my opinion as it looks to me that orange juice prices are bottoming as we basically have gone sideways over the last 3 months as we head into the very volatile winter season for the State of Florida as a possible frost can devastate the orange juice crop, but it is too early at this point, but I'm looking to play this to the upside as I do believe the downside is very limited.

The chart structure is improving on a daily basis therefor the risk/reward will become more in your favor in next weeks trade as prices are right at their 20 day but still below their 100 day moving average standing at the 104 level.

At the current time there are no hurricanes that could devastate the orange crop at this time as prices historically speaking look cheap as I also have bullish recommendations in coffee and cotton out of the soft commodity sector so be patient as we could be involved in this commodity soon as I certainly expect volatility to increase substantially in the months ahead.

TREND: MIXED

CHART STRUCTURE: IMPROVING

VOLATILITY: LOW

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

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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