Market Trading

A solid month for Oats! Sneaky Oat bulls have enjoyed a very rewarding month, but will it last? Oats tapped out at dual resistance yesterday at (1), where inside trendline (A) and 50% Fib levels cross (1) taken from the highs of March 2014 and the lows of August 2016. A yearly rising wedge (bearish reversal) pattern (A & B) in this monthly time frame stands out a mile, and the bears are just hoping this wedge pattern continues to form.

Market Trading

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