Orange Juice

There are 2 possible bottoming patterns developing on the OJ continuous contract.  First, a double bottom pattern will be confirmed with a close above 143.05.  The target would be ~ 158.10.  Second, a head and shoulders bottom pattern gets confirmation with a close above the downward sloping trend line.  It's target would be ~ 157.10 or less, depending on it's breakout level.  Supporting these bottoming patterns are bullish divergence on the RSI and a COT 52 week extreme short position.  Overhead challenges include the MR1 @ 141.17, the 50 DMA @ 142.76, the MR2 @ 149.78, and the 100 DMA @ 152.90.