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Oat futures closed below the 50-day moving average, which the analyst treats as a sell signal. Prices are testing the VWAP from the September low, and the analyst expects the 713 level to act as resistance.
A break below the 50-day average points to lower oat prices unless buyers defend the VWAP, so buyers can expect softer oat prices near term.
grainreport.klarenbach.caTrent KlarenbachDec 20, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
