Bearish run continues, the Oats future down to $334 (-0.37%)

Oats has been losing ground for 3 days, shedding a total of 1.11% of its value. Similar trend today: Oats is down to $334 per bushel, after ending Friday at $335.25. Overall, a 0.37% loss or $1.25 today.

Oats's upper Bollinger Band® is at $349 which indicates a further downward move may follow.

Looking forward, the CME Oats future is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other Grains as after ending Friday's session at $18.48, Rough Rice lost 9 cents and is trading around $18.39.

Some optimism can drawn from the fact that United States Retail Sales is projected to outperform its last figure with 0.7%. It previously stood at -0.6%; data will be released tomorrow at 12:30 UTC. United States Core Retail Sales is projected to outperform its last figure with 0.4%, having previously been at -0.4%. The figure will be published tomorrow at 12:30 UTC.

Oats is up 10.73% from the significant low of $302.75 it hit 13 days ago.