March 11, 2020
By IFCMarkets
The popularity of oat milk is increasing in the world
Starbucks, an international coffee shop chain, offers its visitors oat milk as part of a special program to reduce global carbon dioxide emissions. PepsiCo Corporation develops the production of oat milk through a subsidiary of Quaker Oats. A positive factor for quotes may be a reduction in the yield of oats in the United States in 2020 by 3 million bushels to 53 million compared to 2019. At the same time, domestic consumption of oats will increase by 4 million bushels. This forecast is contained in the reports of the US Department of Agriculture. The difference is supposed to be covered by increasing imports of oats.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Buy | |
| MACD | Sell | |
| MA(200) | Neutral | |
| Fractals | Neutral | |
| Parabolic SAR | Buy | |
| Bollinger Bands | Neutral |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 279,5 |
| Stop loss | Below 254,5 |
Market Analysis provided by IFCMarkets
