The grain markets have been very volatile and exciting the past few weeks, and they appear to have more legs left in them.
Subscribers will remember the January 25 Canola - To Sell or Not to Sell when we published our publish level above 1026.
From January 25:
I have drawn a green horizontal line at 1026, representing the price level above I become bullish Canola.
If I turn bullish, I want to speculate with a long Futures position at 1026.50 or 1027.
I will use a tight stop below 1026 to protect against a failed breakout.
Tight stops often get triggered, so some management is required to maintain the position.
To summarize, I am bullish above 1026 and bearish below.
The price has been highly volatile since first closing above that level on February 22.
With the price is at 1079, approaching the December 2021 high, I am receiving inquiries about low-risk, high-probability opportunities.
Today, I shared the following idea.
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