Orange Juice could get tasty over 110 Price Level
There is a possible 3-Wave Move up coming. We have seen a 3-Wave move down I am expecting the whole Market to be corrective so I am only counting bigger 3-Waves. We can see in the COT DATA that the Commercials are strong on the Long side and we have come down to a technical Zone on the Weekly. A long position could be taken once we break the 110 Level to the Upside. Further we could see price Level Spikes because of Hurrican Season in in the South US, therefore Commercials should stay on the Long Side to hedge against harvest damage. This would be a seasonal position as markt with the Chance Risk ratio but of course this trade could also be played more short term with a tighter stop and just the end of the expected B Wave as target.
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