Oat
Oat Futures ( ZO1! ), H1 Potential for Bearish dropType : Bearish Momentum
Resistance : 691'1
Pivot: 663'0
Support : 607'4
Preferred Case: Price is moving below the ichimoku cloud and MACD is moving in a bearish momentum which supports our bearish bias that price will drop from the pivot at 663'0 where the overlap resistance is to the 1st support at 607'4 in line with the swing low support, 78.6% fibonacci retracement and -61.8% fibonacci expansion.
Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st resistance at 691'1 in line with the swing high resistance, 78.6% fibonacci projection and 78.6% fibonacci retracement .
Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for oat.
Volatility 19 May 22 Grains Commodities Futures CORN ZC Futures 19 May 2022
Based on the HV measures from the last 5612 candles our expected volatility for today is around 1.59%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.99%
This is translated into a movement from the current opening point of 15.48
With this information our top and bottom , with close to 85% probability for today are going to be
TOP 797.5
BOT 766.5
WHEAT ZW Futures 19 May 2022
Based on the HV measures from the last 5600 candles our expected volatility for today is around 2.84%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 3.55%
This is translated into a movement from the current opening point of 43.13
With this information our top and bottom , with close to 84% probability for today are going to be
TOP 1265.34
BOT 1178.65
SOYBEAN ZS Futures 19 May 2022
Based on the HV measures from the last 5600 candles our expected volatility for today is around 1.19%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.49%
This is translated into a movement from the current opening point of 24.82
With this information our top and bottom , with close to 84% probability for today are going to be
TOP 1688.5
BOT 1639
OAT ZO Futures 19 May 2022
Based on the HV measures from the last 5600 candles our expected volatility for today is around 2.43%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 3.04%
This is translated into a movement from the current opening point of 19.56
With this information our top and bottom , with close to 84% probability for today are going to be
TOP 664.35
BOT 625.15
COCOA CC Futures 19 May 2022
Based on the HV measures from the last 5615 candles our expected volatility for today is around 1.46%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.82%
This is translated into a movement from the current opening point of 44.98
With this information our top and bottom , with close to 85% probability for today are going to be
TOP 2550.62
BOT 2459.4
COTTON CT Futures 19 May 2022
Based on the HV measures from the last 5615 candles our expected volatility for today is around 2.24%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 2.8%
This is translated into a movement from the current opening point of 4
With this information our top and bottom , with close to 85% probability for today are going to be
TOP 148.5
BOT 140.5
COFFEE KC Futures 19 May 2022
Based on the HV measures from the last 5615 candles our expected volatility for today is around 2.94%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 3.67%
This is translated into a movement from the current opening point of 7.92
With this information our top and bottom , with close to 83% probability for today are going to be
TOP 226
BOT 210
OTLY Oatly Group AB Price TargetsOatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden.
It offers Barista edition oatmilk, oatgurts, and frozen desserts and novelties.
Price Target 1: $12.40
Price Target 2: $14.90
Stop loss: $8.50
Looking forward to read your opinion about it.
Can SBUX keep up with coffee demand facing shortages?SBUX 2HR TF
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ANALYSIS
Coffee is in high demand, but SBUX is facing inventory shortages (cups, syrups, oat milk) as it continues to reopen locations world-wide. SBUX is already making amends as the company is resuming it's reusable cup program and dropping its summer 2021 drink line up.... This past week SBUX showed some strength to reverse and retest ATHs, as it broke the current downtrend resistance (solid green trendline) and filled the gap at 112.54. Looking for a continuation this week with a slanted inv h&s setting up and an impulsive wave 3 forming as the breakout.
Targets: 113.70, 118.32, new highs
Key levels
Support: 112.14, 110.88, 108.90
Resistance: 113.73, 114.63, 116.12, 119
Ideas
1. Shares
2. Long (swing calls 2week+ out exp. ATM/ OTM)
OATBroke and closed below flip zone yesterday. Sell off continues in early trading today.
Only problem is finding a place for stop loss.