{"id":170515,"date":"2020-05-14T08:50:29","date_gmt":"2020-05-14T12:50:29","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170515"},"modified":"2020-05-14T07:58:01","modified_gmt":"2020-05-14T11:58:01","slug":"orange-analysis-lower-crop-forecast-bullish-for-orange-price","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/orange-analysis-lower-crop-forecast-bullish-for-orange-price\/","title":{"rendered":"ORANGE Analysis: Lower crop forecast bullish for orange price"},"content":{"rendered":"
May 14, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Lower crop forecast bullish for orange price<\/strong><\/p>\n

Orange juice is trading near a fourteen-month high after a surge following coronavirus outbreak. Demand for orange juice increased as many consumers consider its nutrients and high vitamin C content boost human immune system. And recent Department of Agriculture National Agricultural Statistics Service ( NASS ) May crop forecast projects a decrease in oranges and grapefruit production. The USDA predicted Florida Orange production at 69.7 million boxes, down 1 percent from the April forecast. According to NASS, this will be 3 percent less than last season\u2019s revised final production if realized. Lower supply estimates are bullish orange price. On the other hand, a reversal to old consumption habits as coronavirus infection concerns subside is a downside risk for orange price.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nBuy<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nAbove 119.95<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nBelow 110.21<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Lower crop forecast bullish for orange price Orange juice is trading near a fourteen-month high after a surge following coronavirus outbreak. Demand for orange juice increased as many consumers consider its nutrients and high vitamin C content boost human immune system. And recent Department of Agriculture National Agricultural Statistics Service ( NASS ) […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170515","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=170515"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170515\/revisions"}],"predecessor-version":[{"id":170544,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170515\/revisions\/170544"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}