How Much Higher Can Frozen Orange Juice Futures Run From Here?

November orange juice (OJX25) futures present a buying opportunity on more price strength.
See on the daily bar chart for November frozen concentrated orange juice futures (FCOJ) that a choppy price uptrend line is in place. The bulls have the overall near-term technical advantage.
Fundamentally, FCOJ prices are rising due to declining global orange supplies due to the citrus greening disease in Florida and drought in Brazil. Despite a long-term decline in overall orange juice consumption, the significant decrease in orange supply has been unable to meet the reduced demand.
A move in November FCOJ futures prices above chart resistance at $2.60 would give the bulls more power, suggesting more price upside, and it would also become a buying opportunity. The upside price objective would be $3.1000, or above. Technical support, for which to place a protective sell stop just below, is located at $2.4000.

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.
Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%):
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On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.