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Oats Price Bias Is Still Bullish
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.
- #C-OATS,Daily closed 2.2% higher on August 28.
- 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.
Order | BUY |
Buy stop | Above 271.7 |
Stop loss | Below 259.3 |
COCERAL European association August 2020 report.
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