Feed Barley - Southern Alberta Update

Grain Market Technicial Analysis

This newsletter updates our January 6 Feed Barley - Southern Alberta Analysis.

From the January 6 newsletter:

Today we look at the Southern Alberta Feed Barley Weekly chart.

Feed Barley is still above the 10-week moving average

Note my price target at 430, which is a 2.618 Fibonacci level.

Exceeding the 430 price target level keeps me bullish above that level.

I become cautious below 430 and will watch for a lower low while monitoring the moving averages to indicate a trend change.

Let us look at the current chart to develop a plan as we advance.