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hopscotch
May 1, 2018 11:22 PM

July Oats Bearish Cypher Short

Oats Futures (Jul 2018)CBOT

Description

Oats coming off of down channel and rising. Hit downtrend RSI. Watching for break of this mark for further upside. Oats has just crossed 20 day MA and stayed above. Next upside target is R1 at 244'4

Comment

Oats maybe turning over and heading back down off of channel. It achieved R2 at 250'6, but R3 seems to be formidable challenge.

Comment

Oats maybe in a three drives scenario on the July contract. This will extend beyond this contract so you might want to look further ahead.

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