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hopscotch

May Oats Head and Shoulders

Short
Oats Futures (May 2018) (CBOT:ZOK2018)  
hopscotch Updated   
CBOT:ZOK2018   Oats Futures (May 2018)
Pivot Points Head and Shoulders
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pivotpoints headandshoulders
May Oats has built out the last shoulder of an H&S today. Downside target is now to break neckline at S1 260'4. Oats went under the 20 day MA, which deems it bearish . S2 would be its minimal move.
Comment:
Oats still below 20 day MA and building out shoulder. Target still neckline.
Comment:
Oats fell from Head and shoulders.
Comment:
Oats continues down breaking S3. Next downside target 227'2 three S3s ago. This will take to the lows last year in May.
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