Rice Futures

• Short-Term Trend: The price seems to be in a short-term downtrend, as the overall movement from mid-July to September is trending downward.
  
• Support: Around $14.15 is the most recent significant low (from mid-September), which could serve as a support level. Another potential support is near $13.50 (June lows).
  
• Bollinger Bands
  
• The Bollinger Bands (red and green lines) show the price recently tested the lower band (near $14.15) and has moved towards the middle of the bands (around $15.06).
  
• Bearish Sentiment: Overall, the market appears to be in a downtrend, and the most recent price action suggests the market is either consolidating or potentially attempting a minor correction.
  
• Key Areas to Watch: Keep an eye on the $14.15 support level and the $15.50 resistance level. Breaking above or below these levels could provide clues to the next significant price movement.