hustontrading

Weekly Oat Futures Reversal

Short
CBOT:ZO1!   Oat Futures
Complex overlapping corrective structure is defined by the orange median line study. Mathematical symmetry and momentum divergence at blue line $319 can signal price exhaustion as this level has been tested 3 times.

The final swing looks to be developing in 5 waves of (c) and a break of wave 4 signals a reversal with a turn down in momentum target red line wave B at $255 with a break measuring black line wave (B) for the entire swing at $224'4.

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