November ICE Orange Juice Futures a Buying Opportunity on More Price Strength

See on the daily bar chart for November frozen concentrated orange juice futures that prices are in a three-week-old uptrend and this week hit a four-week high. The FCOJ bulls have gained upside technical momentum recently. A move in prices above chart resistance at $1.5600 would become a buying opportunity. The upside price objective would be $1.6500 or above. Technical support, for which to place a protective sell stop just below, is located at $1.5200.