Oats still looks indecisive as it trades even at $337.75

It's been more of the same this session on the back of 10 days of flat trade, Today's session so far looks to be heading in a similar way — the Oats future trades at $337.75 per bushel, after ending yesterday at $338.

Oats's upper Bollinger Band® is at $353, suggesting that a downward move may follow.

Despite the market lacking direction, technical chart analysis strongly suggests the CME Oats future is positioned for a downward move in the near term.

Meanwhile, mixed performances are seen in other Grains as Rough Rice closed at $17.25 (down 0.35%).

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as tomorrow at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of -0.1%. United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million, having previously been at -4.58 million. The figure will be published tomorrow at 14:30 UTC. United States Building Permits scheduled to come out today at 13:30 UTC.

CME Oats reached a significant high of $714 around a year ago but has lost 52.66% since then.