Softs Futures Update

News & commentary on Softs Futures markets including Cotton #2, Orange Juice, Coffee, Sugar #11, Cocoa, Lumber & more.

HAS ORANGE JUICE FINALLY TOPPED?

Posted on 10/6/2016 2:06:15 PM by: Judy Crawford, Market Strategist @ Zaner. 312-277-0133.

Orange juice finally reached the same price area that formed a top in the market in 2012 and earlier in 2007. It has started to back off. Even if this is not a final top, as an earlier correction prior to the 2012 top produced, it could easily correct down to 165.00 before recovering. For a possible approach:

Sell November orange juice. Sell 197.70 stop. Protective stop 204.55. Potential projection 180.00. (Potential risk $1027.50. Potential reward $2650). Margin: $2088.
Reasons for the Trade:
1. On the monthly chart oj reached resistance and has been selling off.
2. On both the monthly and weekly charts the current wave up has exceeded potential projections suggesting an overbought market.
3. On all three charts the macd is turning down or is in negative territory.
4. On the daily chart oj formed a reversal top over a week ago, suggesting a trend change from up to down.
5. The daily chart has a previous sell signal.
6. On the daily chart oj failed and closed under both the 10 & 20 avg. today.
7. Today was an inside day that can trigger a signal and market direction.


Posted on 8/31/2016 6:37:51 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 8/17/2016 7:15:42 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 8/3/2016 6:26:31 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 7/27/2016 7:12:06 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 7/20/2016 6:51:13 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 7/13/2016 7:12:30 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 7/6/2016 6:37:14 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 6/29/2016 7:30:14 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 6/29/2016 7:01:12 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 6/22/2016 7:15:22 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 6/15/2016 6:50:40 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 6/8/2016 7:23:12 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 6/1/2016 7:13:53 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 5/25/2016 7:11:33 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 5/18/2016 6:52:50 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 5/18/2016 6:49:54 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 5/18/2016 6:49:48 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 5/11/2016 7:11:28 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


Posted on 5/4/2016 6:40:10 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 


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