wantonwallet

Oats Long with Tight Stop is viable

Long
wantonwallet Updated   
CBOT:ZO1!   Oat Futures
Oats are either about to start trending again, or could make a new low. Hence, we long with a tight stop, the stop represents the 200w ema minus epsilon, the target represents a monthly mean reversion target from the 2022 highs and $5 psychological selling point for farmers.

Good time to buy an Oat farm if you are buying physical real estate, some distressed deals out there as financially unsavvy oat farmers have had negative returns for a few years here.
Comment:
Stop was too tight but I stayed in the trade anyways. I think you leave the stop where it is now though.
Comment:
Stick with it!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.