CME Oats is growing its six-day winning streak and is trading at $333.75, gaining $4.75.

The CME Oats future trades at $333.75 per bushel after gaining $4.75 (1.44%).

Bollinger Band® analysis indicates that current price action is approaching the upper band at $351.29, thereby suggesting that Oats is becoming overvalued.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest the Oats future is set for a reversal in the coming days.

This rally in Oats's price coincides with other Grains as Rough Rice is up 0.52%. Soybeans is up 0.45%.

Other Grains are showing mixed performance as Corn trades close to $598.5, with no major change.

The market is looking forward to the release of new data: United States EIA Short-Term Energy Outlook will be released tomorrow at 16:00 UTC.

The commodity has been trending lower for about a month. The CME Oats future has recovered 8.67% since descending to a significant low of $302.75 around 6 days ago.