Trade of the week: short orange juice
We would like to use the bounce from last week’s low in orange juice futures to go short with a stop loss above their record high at 488.00 and a downside target at 410.00.
(AI Video Summary)
Previous natural gas and Arabica coffee futures trading outcome
In this week's "Trade of the week", Axel Rudolph recaps a successful short position on natural gas futures initiated three weeks ago, which hit close to the targeted profit level. A recent short position on Arabica coffee futures is also proving fruitful, thanks to a strategic entry point and technical indicators suggesting a potential reversal.
This week's trading opportunity
This week, Rudolph introduces a new trading suggestion: shorting orange juice futures, motivated by a record high price juxtaposed with negative divergence in the relative strength index. He advises using the bounce from last week’s low in orange juice futures to go short with a stop loss above their record high at 488.00 and a downside target at 410.00.
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