Some setups lead us to believe that, in the medium term, the Orange Juice Futures
could be ready to reverse.
Volume Spread Analysis
First of all, looking at patterns (according to the Volume Spread Analysis
), we can see a 'buying climax
' followed by a 'pseudo upthrust
' and then by a 'no demand
'. This is a very strong VSA signal
which predicts a possible trend reversal.
Observing the seasonality chart, we note that expectations are bearish
We noticed at least two strong reasons to be bearish that lead us to paraphrase the famous proverb and say: "When life gives you orange juice... sell it!"
Remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.