Don't like calling tops but I just did

12 oct 2021

Due to the current state of the global economy, commodities like oats are at all time highs. Oat futures are the highest they have ever been and today I called a top...for now. RSI and MACD on daily, weekly, and monthly are very overbought and seems that a correction is needed. I have placed targets 1 and 2 as a short term level. There is still a chance that it may creep up more due to uncertainty and the winter season. I see it coming down and then either will continue up or will go back to what it should be at normal range.

Comment on your thoughts....