Investing.com - Financial Markets Worldwide

Judy Crawford: Softs Report

Published 01/07/2011, 08:23 AM
Updated 07/09/2023, 06:31 AM
MAR COTTON: 

Last time it was struggling to get back over the 20 day ma.  It closed under it today and formed an outside day.  I would suggest a sell but the risk required doesn't make it reasonable.  Closed 141.22, down 3.98.

MAR ORANGE JUICE:  The key reversal top is still intact but OJ is in the process of challenging it.  After forming the key reversal top, it sold off one more day to support and has rallied since.  Today's high 178.45.  Just watching.  Closed 177.45, up 4.70.

MAR COFFEE:  As pointed out last time, the technicals are starting to suggest an potential sell-off.  The daily chart already has a sell signal and then formed another inside day today.  Just like cotton, to suggest a sell requires too much risk if you are going to have the stop in the right place.  I would be buying coffee puts.  Closed 233.00, unchanged.

MARCH COCOA:  It continues to look very negative on the long term chart.  It continues to trade under the 20 day ma.  It reached the 20 day ma on the weekly chart today.  That intersects at 28.30.  Just looking at the weekly chart, I do not think it will hold 28.00 ultimately.  The daily formed an inside day today but the current wave down on the daily has projections to 28.00.  Just watching.  Closed 28.30, down 18.

MAR SUGAR:  An inside day yesterday triggered a sell today.  All the charts look negative.  Just like coffee and cotton, the required risk is too much.  I would buy puts.  Closed 30.24, down 1.86.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.