Setup Condition for Oats CBT (October 08 W2)
October/05/2008 14:18 Filed in: Commodity Monthly Analysis
There is a good market setup developing for OATS this week:
Conditions:
-Commercials: very long > 80%
-Sentiment: moderately low ~ 25%
-Large and Small Traders: very short < 20%
-Fundamental valuation: undervalued <20%
-Stochastic: oversold <20%
-Seasonal: uptrend
Analysis:
-The ADX indicator still shows integrity on the downtrend. We need to wait for the ADX indicator to reach a maximum and initiate the reversal. Then it will be a good buying with the appropriate entry technique. This is a commodity to keep in the watch-list for the near future.
Conditions:
-Commercials: very long > 80%
-Sentiment: moderately low ~ 25%
-Large and Small Traders: very short < 20%
-Fundamental valuation: undervalued <20%
-Stochastic: oversold <20%
-Seasonal: uptrend
Analysis:
-The ADX indicator still shows integrity on the downtrend. We need to wait for the ADX indicator to reach a maximum and initiate the reversal. Then it will be a good buying with the appropriate entry technique. This is a commodity to keep in the watch-list for the near future.