Tuesday, May 23, 2006

Oats Futures (O) CBOT

Oats Futures contracts and Options on Futures are trading at the Chicago Board of Trade (CBOT). Contract size is 5,000 bushels No. 2 Heavy and No. 1 at par. For more details See CBOT.

Technically, Oats futures contracts are currently trading at the same nominal price like 1975 !

The Elliott wave count is quite odd, however that the best I could do, If you have another wave count please send it to me. If you need a basic Elliott Wave tutorial see EWI (might need registration)

If you look at the logarithmic chart the triangle pattern is not yet broken to the upside. Whereas On the linear oats futures chart the triangle is already broken to the upside.

Oats Futures Long term logarithmic Chart

Oats Futures Long term linear Chart

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