Oats Price Bias Is Still Bullish | IFCM
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Oats Price Bias Is Still Bullish

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The #C-OATS price forecast in our August 27, 2020 technical analysis was bullish.

  • Market developments after #C-OATS,Daily August 27, 2020 technical analysis still indicate bullish bias.
  1. #C-OATS,Daily closed 2.2% higher on August 28.
  2. But oats production in 14 EU countries is forecast to rise 8.7% in 2020 over 2019 - a downside risk.

Here is what indicators show as of August 31, 2020:

  • The Parabolic Indicator gives a bullish signal.
  • The Donchian channel indicates uptrend: it is narrowing up.
  • The MACD indicator gives a bullish signal.
  • The RSI oscillator gives a neutral signal.
  • The Fractals give a bullish signal.
  • The MA(200) Indicator gives a bearish signal.

So the bullish forecast still stands for the #C-OATS,Daily.

OrderBUY
Buy stopAbove 271.7
Stop lossBelow 259.3

COCERAL European association August 2020 report.

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