Consider buying a call option on March orange juice futures.
See on the daily bar chart for March frozen concentrated orange juice futures (FCOJ) that recent price action has formed a bullish pennant pattern. Speculative longs are moving into the FCOJ market on the seasonal play of reckoning that a frost or freeze in the southeastern U.S. in the coming few months would drive FCOJ prices sharply higher. Technical odds do suggest an upside price “breakout” from the bullish pennant pattern on the daily chart for March FCOJ. Consider buying a call option on March FCOJ, with an upside price objective of $1.3800, or above. The option expires in late February.
