I last discussed Canola nine days ago, on May 30.
Canola has been sending the market mixed messages with the lack of alignment across multiple timeframes.
Today’s publication will be a bit longer than usual as I will look at multiple timeframes, including the first and only published Canola VWAP chart.
I will look for clues in the Soybeans charts as well.
Remember, a grower can price new crop Canola and hedge their “short” position with the Futures market.
Consider that the exit is more important than the entry.
A trading plan with position size and exit strategy is critical.
The goal is to be profitable with the physical and not lose on the paper.
I hope this helps.
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