160 remains to be a strong support for Orange Juice!
Orange Juice rebounded from this support with 2 inverted hammers with bullish confirmation, a reversal pattern!
Happy trading!
See previous post on Orange Juice here.
Orange Juice is finding a strong support about 160 and also forming a Double Bottoms at this support level.
Have a Sunkist! ๐
Original Post from https://mystocksinvesting.com
Wheat looks like have found a bottom between 390-400 after forming a Multiple Bottom, a trend reversal pattern.
Currently Wheat is trading within an up trend channel, and also forming a “Higher High, Higher Low” up trend pattern. Expect Wheat continue to move up to 1.618% Fibonacci Expansion target of about 511.6.
Yummy on the Potential Upside vs Down Side Risk. Attractiveย Reward Risk Ratio!
In order to confirm a long term trend reversal, Wheat has to break the 600 resistance.
Original Post from https://mystocksinvesting.com
