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.

Mar-20 FCOJ & moving average

Source: DTN
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.