CBOT Rice Futures : Rangebound for now
March 1, 2011 Leave a comment
Its not easy following let alone chart Thai rice prices, so like most analysts we default to what we can find reliable data for, and for rice it’s the CBOT Rice futures. In simple terms ZR0Y has major support at US$ 13 and major resistance at 15. It’s currently at 14, so until a break one way or the other occurs, it remains a buy on weakness trade.