{"id":24399,"date":"2023-02-07T11:26:13","date_gmt":"2023-02-07T11:26:13","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/the-cost-of-breakfast-ny-orange-juice-breaking-to-new-highs\/"},"modified":"2023-07-10T20:36:28","modified_gmt":"2023-07-10T20:36:28","slug":"the-cost-of-breakfast-ny-orange-juice-breaking-to-new-highs","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/th\/the-cost-of-breakfast-ny-orange-juice-breaking-to-new-highs\/","title":{"rendered":"The Cost Of Breakfast &#8211; NY Orange Juice Breaking To New Highs"},"content":{"rendered":"\n<p>Good morning Traders!<\/p>\n\n\n\n<p>Much have been said about the rising costs of an American breakfast, with each component and it\u2019s fundamental reasoning. In this article, I\u2019d like to take a look at the chart of NY Orange Juice and the technical ingredients across several timeframes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">NY Orange Juice<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"9087\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/OJ-M-scaled.jpg\" alt=\"\" class=\"wp-image-9087\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"9082\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/OJ-W-scaled.jpg\" alt=\"\" class=\"wp-image-9082\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"9090\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/OJ-D-scaled.jpg\" alt=\"\" class=\"wp-image-9090\"\/><\/figure>\n<\/figure>\n\n\n\n<p>Last week the price of <a href=\"https:\/\/markets.businessinsider.com\/news\/commodities\/inflation-breakfast-expensive-egg-price-orange-juice-beef-consumer-2023-2\">NY Orange Juice<\/a> broke to new highs, and yesterday price has already broken the highs of last week very strong and bullish candle.<\/p>\n\n\n\n<p>On the <a href=\"https:\/\/www.fxglobe.com\/the-biggest-moving-charts-right-now\/\" data-type=\"post\" data-id=\"27772\">Daily chart<\/a>, price has moved higher with strong bullish momentum, decisively breaking, and closing, above the last place the sellers were able to push the price to a Lower Low, around the level of 21.84.<br>The Weekly chart is also in an uptrend, and after a consolidation and a sideways movement around the 2.00 area, we can see the strong break of last week candle, clearing all the highs in this consolidation area. The <a href=\"https:\/\/www.fxglobe.com\/is-silver-ready-for-a-turn\/\" data-type=\"post\" data-id=\"29552\">Monthly chart<\/a> is also in an uptrend, and the latest bullish push cleared two Monthly bearish rejection candles on the way up.<\/p>\n\n\n\n<p>Price is currently overextended from it\u2019s moving averages on the Daily, Weekly, and the Monthly timeframes. Drawing the Fibonacci retracement of the latest daily move, has the level of 21.84 clustering nicely with the 50% Fibonacci retracement. I\u2019ll be waiting for a pullback and a release of this strong bullish pressure, and then for signs that the pullback is over, and the buyers are ready to take over once more.<\/p>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning Traders! Much have been said about the ris [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":18069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"NY Orange Juice Update | %%sitetitle%%","_seopress_titles_desc":"Stay informed about the rising prices of NY orange juice. Explore the market dynamics and potential trading opportunities as it breaks to new highs.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts\/24399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/comments?post=24399"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts\/24399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/media\/18069"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/media?parent=24399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/categories?post=24399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/tags?post=24399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}