Saturday, 14 May 2016

Orange juice

My last bullish signal for orange juice was on 30 April 2016.Since then price of orange juice went up by 13.16%.This week I got a bearish signal for this commodity based on the number of new short contracts opened(882) vs number of long contracts opened(134).This means new short contracts opened outnumbered new long contracts opened by more than 6 to 1.This is bearish and I expect price of orange juice to go down in the next days/weeks.Check my trackrecord2016 file and strategy on my free websites:

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