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OATS Technical Analysis - OATS Trading: 2020-08-27
Oats Technical Analysis Summary
Above 217.7
Buy Stop
Below 256.1
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Oats Chart Analysis
Oats Technical Analysis
On the daily timeframe the OATS: D1 is retracing up towards the 200-day moving average MA(200) which is declining. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 271.7. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian boundary at 256.1. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (256.1) without reaching the order (271.7), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Commodities - Oats
Canada’s exports in the new crop year are higher compared with the last year figures. Will the oats prices rebound?
Canada’s oats exports are higher in the new crop year indicating higher demand for the cereal considered a healthy grain. Oats export from Canada in the first two weeks of August 2020 were recorded at 58.2 thousand tons -more than triple the volume of exports for the same period last year, according to Government of Alberta, Canada Weekly Market Review. The review also projected a 5.1% increase for exports by year end. Canada is the top world exporter of oats – Canadian oats exports accounted for 52% ($379 million) of the world exports in 2018. Higher demand as evidenced by higher exports is bullish for oats price.
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