After breaking below retracement support above 98.00, Mar-20 OJ is finding additional short-term support around 94.95. The contract closed Thursday down by nearly 9 percent from its recent high a month prior, pressured by weather and crop updates for the U.S. and Brazil and reports of weaker U.S. citrus exports.
Further support may be seen around 93.60. Resistance may be seen above 97.10, 98.00, and 98.45.
RSI is strongly bullish. RSI is bearish. Stochastic shows the contract as technically oversold in the last few weeks.
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