Market Curiosity: Exploring Markets And Systems

May 28, 2011

Shorting July orange juice (update 1, May 31)

Filed under: Just Watching — Tags: — Jeff Fitzmyers @ 11:35 am

Sell stop 184.80 ish
Stop loss 189 ish
Tentative target 175 ish

– Volume declining the past few weeks.
– COT is pretty extreme. The funds are about as long as they ever get so they probably won’t be buying more.
– Weekly CCI is high and rolling over.
+ Monthly CCI is still rising so take profits too soon.

10, 20, 30, and 40 year cycles.

Related
+ Long term MRCI chart.

May 31: I miss entered the order so it did not execute. Entering trades in while sleepy is not a good idea.

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