# December Oats Break Resistance

> December oat futures closed at $2.69 1/2 per bushel on Thursday, breaking above $2.67 1/2 resistance to reach a nine-week high. The contract has recovered about 16% from its early September low. Analysts noted weakening spreads and overbought readings that could signal a pullback.

- Date: 2017-10-19 · published 2017-10-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68507-december-oats-break-resistance
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

The technical breakout reflects routine price action with no new supply or demand cause, so feed buyers should watch for a possible sell-off given the overbought signals.

## Read by commodity

- OATS: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2017/10/19/december-oats-break-resistance

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.