Hello everyone, today I chose a refreshing and sour-sweet commodity futures contract to speak about: Orange juice Despite the need for organic vitamins we all face these days and “green” food, OJ futures contracts are going head-first to 15-day lows on the New York stock exchange. Prices dropped more than 17% this month alone. The Feb-March chart shows brisk price movements, with sharp highs and lows. As the markets priced in the coronavirus damage, any upward movements breaking above the imminent resistance point are likely to be followed by downside pullbacks.
Yet, who says bear markets do not create new opportunities? On the contrary, they can be a boon for traders, as long as you carefully weigh your risk exposure.