ICE July orange juice futures a buying opportunity on more price strength.
See on the daily bar chart for July frozen concentrated orange juice futures (FCOJ) that prices are in a choppy uptrend and on Monday hit a fresh four-week high. The bulls have upside technical momentum and would gain more power by pushing prices above solid chart resistance at 1.5000. That would also 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 1.4250.
