After seven consecutive days of gains, CME Rough Rice is down 7 cents today

The Rough Rice future is down to $17.3 per cwt, after ending Friday at $17.38. Overall, a 0.4% loss or 7 cents today.

Trend-focused traders would be interested to note that investors are seeking long positions as Rough Rice price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Rough Rice's upper Bollinger Band® is at $17.48 which indicates a further downward move may follow.

With market volatility ebbing, the current technical outlook indicates CME Rice will remain range-bound for the immediate future.

Furthermore, United States JOLTs Job Openings (Mar) will be released tomorrow at 14:00 UTC. United States ISM Manufacturing PMI (Apr) scheduled to come out today at 14:00 UTC.

Having set a significant high of $18.49 2 months ago, CME Rough Rice is trading 6.03% lower.