Orange Juice could signal an entry

The July contract for orange juice has found a good support around the 125.00 zone as shown on the one hour chart of the commodity. At the moment, the price of orange juice is trying to rally some more and it could continue higher, especially when the MACD indicator is showing us that the uptrend is still in place and seems to be gaining strength. If the price continues rallying, it may visit the 200 period exponential moving average, blue line, around the 132.43 level, from where it may bounce to the downside. That visit to the 200 hour EMA, may signal a short entry on orange juice.