May Oats maybe creating a head and shoulders. R1 and 20 day MA becomes resistance at 269'4. Neckline comes in around pivot at 260. Since MA is so close to R1 this market may break and stay above MA. If this happens for another bull move, we would need the next day for confirmation.
Komentar:
Oats up and slightly over 20 day MA. Are we going to get a H&S or continued buying? Waiting for confirmation.
Komentar:
Oats still over 20 day and H&S still intact. No direction yet as Oats moves sideways.
Komentar:
H&S still intact. Oats going in all directions. No trend yet.
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