Our Canola Bullish Scenario outlined in the June 20 analysis has worked out well with the recent move in the price.
Today’s daily high of 760.40 reached the upper region of our price target range of 736-763.22, identified on June 30, providing another opportunity for sales or profits.
Today’s closing price of 739.40 is well below the daily high.
The weekly chart below is busy with resistance and Fibonacci retracement lines but provides a long-term perspective.
Keep reading with a 7-day free trial
Subscribe to Klarenbach Grain Report to keep reading this post and get 7 days of free access to the full post archives.