November orange juice futures signal a buying opportunity with potential price strength. Frozen concentrated orange juice futures show a choppy price uptrend, giving bulls near-term technical advantage. Rising FCOJ prices due to global orange supply decline from citrus greening disease in Florida and drought in Brazil, despite reduced demand.
A move above $2.60 resistance in November FCOJ futures could lead to more price upside, becoming a buying opportunity. Upside price objective at $3.1000, with technical support at $2.4000. Futures trader Jim Wyckoff highlights potential trading opportunities, emphasizing the volatile and complex nature of commodity futures trading.
Read more at Yahoo Finance: How Much Higher Can Frozen Orange Juice Futures Run From Here?
