After three days of going down, the Oats future is flat today, hovering around $335.5

The Oats future is now trading at $335.5 per bushel after tracing out a steady $335.5 – $339 range today.

United States's Crude Oil Inventories new data released of 1.17 million below its previous figure.

This uncertain state for Oats is reflected by published market data as United States Crude Oil Inventories released today at 15:30 UTC is better than expected at 1.17 million but down from preceding data of 7.65 million according to new data. United States ISM Manufacturing PMI (Feb) released today at 15:00 UTC with a figure of 47.7, while the previous figure was 47.4. United States Consumer Confidence published yesterday at 15:00 UTC came out at 102.9, falling short of the 108.5 projections and continuing its decline from the previous 106 figure.

Following today's trading session, chart analysis suggests Oats bounced after reaching the $333.5 support zone, climbing $2 above it. Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Oats's upper Bollinger Band® is at $394.91 and the lower is $329.

The current technical outlook indicates the Oats future will continue to ebb sideways within tight ranges for the immediate future.

Meanwhile, mixed performances are seen in other Grains as Rough Rice is up 3.42%. Soybeans is up 1%. Corn is up 0.99%.

Moreover, tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 195,000 from the preceding figure of 192,000.

Oats is now trading 57.24% below the significant high of $783.5 it set around 10 months ago.