Trade Idea: Frozen Concentrated Orange Juice $$
Looking at the FC Orange Juice future contract here, and a couple of contradicting patterns jump out to me. First, we have a triangle formation which looks bullish. However, taking a look at the bearish MACD convergence makes me hesitate on going all Bull in this market. So to play it safe, I’ll wait till a see a stronger price action either way before getting in on the trade (Long or Short). $OJ_F


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