November orange juice (OJX25) futures show a buying opportunity as prices are in a choppy uptrend with bulls having the technical advantage. Factors like citrus greening disease, poor crop weather, and increased consumer demand support prices. If November FCOJ futures break resistance at $2.5495, it could lead to a buying opportunity with an upside target of $3.100. Technical support is at $2.3025. Trading futures is risky, so it’s important to consider your financial experience and goals. Jim Wyckoff does not have positions in mentioned securities. Source: Barchart.com.
Read more at Yahoo Finance: Drink Up! Orange Juice Prices Are Heading Higher From Here.
