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Orange Juice Futures - May 24 (OJK4)

Real-time capital.com
Symbol
Exchange
Currency
OJDerivedUSD
OJc1ICEUSD
OJc2ICEUSD
OJc3ICEUSD
Currency in USD
Disclaimer
389.03
+9.53(+2.51%)
Closed

Orange Juice Futures Discussions

This is madness, we will see how bulls burned very soon, there is only one thing, sell your house and short OJ till it touches the earth.
green again ? 🤣🤣🤣
Jason, i have no positions on OJ, but weekly and daily charts are overbought already.. but whats is opinion??
i tried shorting it today left money on the table got out at cost. 4.28 is a big wave 5 and should act like a brick wsll like it did todat. Maybe they try it again idk. See how it acts tomorrow
im looking to short above 425 at least! will see ! Good luck Jason :))
450 next stop, imo
lets go 420 all the way up
fake retracement..
next week below 300
4.28 was a brick wall
425 is peak, wait to test 200 in 2 months
420 hihi
Optibot, could this jump more? 420 became a support?
usually the shorts surrender and cover in a big huge spike, after which down double digits .. question is when that happens
i dont have any position yet on OJ, but i still wait for another leg up, to short.. maybe other way im being greedy.. Weekly chart says that we can achieve one more step up ..
maybe i will open a Long position...
could this reach 500? i never trade this before.. what a mess
mega bubble, will anyone even buy juice at such a price?:D . It's not gold or bitcoin
This is madness
could go up more in your opinion??
Them us harvest is truly abyssal but overseas traders should be happy to step in at these prices.. don't get why.
500??
200 in 3 months
Impressive
well it wasn't....but market is dead.... i can't imagine that we gonna see comm buying on those lvls, and it seems producers are not eager to sell as well... we will se how this ends after all.
389.20 is 61.8 retrace maybe thats it??? let see if we can see cocoa type day
🤞
in my opinion about 380 400 short for december
Short in middle term
soo classical, now 350-360 area is crucial, if we close below 350 area and stay below for few days--- 240/50 - 310 is the new medium term range target where most of the next few quarters trade will be settled, i cant see at the momment lower than that, upside is still possible since we saw no new positions but closing longs and as stated above we really need to see clear breakout of 350 on Jan2024 contract to declare some sort of cancelation of crazy squeezing shorts
I saw a guy today drinking OJ in the subway... people flaunting their wealth without shame...
we are coming very close to the top..., i cant predict the top 405, 412, 430.435 or even 523... all measured moves... but limit up with no volume indicates we are at the alst phase where voultures are hunting for shorts.... i would say most probbably in the next 20 days max we would see top, it seems some 1100 contracts stuck in november ( most of them short) and no other side willing to cover positions. by cftc data i would say spread bet went wrong.
yes you are right , the hunt for Short continues, logic and foundations no longer matter here, it's simple manipulation, but I also feel that it will last a maximum of 15-20 days
Does anyone know of a pure play orange juice ETF
could you be more specific, what did you mean??
big boys will squeeze margin (juice) from little investor first, then we can see some correction, remember nickel few years ago, or check the graph, we need to see capitulation first, it is rigged up prices are going by few contracts, then offloading happens then repeat and push prices until margin call
people can live without orange juice, there are other good ones, the drop in demand due to the price will be huge and the decline in production will be equal
...
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