On Tuesday, Feb. 2, most-active Mar-21 FCOJ futures settled at 106.85, the lowest spot pricing settle since September and the lowest settle for the March contract in over ten months.
Tuesday’s settle was 0.17 cents below the lower Bollinger Band, indicating the contract is oversold, but RSI was bullish at around 30.1 percent, a 20-month low.
MACD is bearish at its own 20-month low of over 3.5 points, however, the stochastic is giving an oversold signal at 4.2 percent, well below the 20 percent line.
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