Trade of the Week - 4 September 2023: short Orange Juice
Channel: IG South Africa
Date: 2023-09-04

Last week front month orange juice futures formed a Bearish Engulfing pattern on the daily candlestick chart near the August high which points to a possible trend reversal. Axel Rudolph would thus like to short orange juice futures with a stop loss above the August peak at $332.70 and a downside target of around $288.

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