CME Rough Rice ended sideways Friday, closing at $17

While on a 5 day downtrend A slight improvement can be seen from Friday's session: CME Rough Rice moves 0% to close at $17 per cwt Friday.

With regards to technical trend indicators, chart analysis show 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, the Rough Rice future's upper Bollinger Band® is at $18.5 and the lower is $16.82.

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

While CME Rice was pretty flat Friday, mixed performances were seen elsewhere as after ending Friday's session at $660.25, Corn lost $10.25 and is trading around $650. Oats is trading around $379 after ending Friday's session at $371.25 (up 2.09% today).

Data to be released today might clear up some of the market fog as United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.2%; data will be released tomorrow at 13:30 UTC. United States Pending Home Sales expected to decline to 1% while its preceding data was 2.5%, data will be available tomorrow at 15:00 UTC.

The Rough Rice future has fallen back around 8% from the significant high of $18.49 set 18 days ago.