Feed Barley
Grain Market Technical Analysis
Readers will remember my previous Feed Barley - Southern Alberta analysis, where I presented my Sell Signal below $423/tonne.
I continue to be bullish above $430/tonne and bearish below.
The short-term timeframe chart below displays a close-up view of the past month's price wiggles and squiggles.
I have identified a sell signal below the recent low and the 20 -Week Moving Average.
The uptrend is still intact; however, lower lows often lead to lower lows.
That Sell Signal triggered in early July, declining to my index price of $350.
The chart below displays my previous Sell Signal and my levels of interest, which often bring in buyers.
*****Click on the chart to enlarge*****
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