
December oats futures (ZOZ25) present a buying opportunity on more price strength.
See on the daily bar chart for December oats futures that prices are trending higher and last week hit a 4.5-month high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the red MACD line is above the blue trigger line and both lines are trending up. The bulls have the overall near-term technical advantage.