technical analysis chart

Technical Breaks, Ideas and Insights – US OATS Futures Positive break

Oats Futures made a positive break recently by breaking upwards through the downwards sloping resistance line at $367.00.
This is also a breakout of a large triangle which usually leads to a positive move.
Oats could potentially test the resistance level at $412.00 and if breached to the upside it could lead to a rally testing the $466.00 resistance level, in our view. This report provides a technical analysis of US OATS Futures.