March Oats seems to be trying to build out a Head and Shoulders pattern. Pivot right now has become support for a possible up move for last shoulder. Upside target 278'4. There is also a Bullish Gartely here unless Oats drastically collapses.
Comment:
Oats recovered from losses over the week. Almost made S1 and bullish Gartley. Looking for confirmation of next direction.
Comment:
Oats continues to edge down. Next downside target S2 at 247'4. We might be headed for 240.
Trade closed manually:
New Targets
Comment:
Oats made long term uptrend line. Waiting for direction.
Comment:
Double bottom for Oats with doji. Sitting on my uptrend line. Is there more upside to this, or is it going to falter??
Comment:
Oats showing nothing new. RSI is oversold. Could get even more so before going up. Still looks like bears want 221
Comment:
Oats created a bear flag today. Grains are down again today. Expect fall for oats. Downside target 246'2 which would bring it inline with major trade influence.
