Trent Klarenbach from Klarenbach Research discusses the concept of 'price has memory' in stock and commodity markets, specifically examining the Minneapolis Grain Exchange Hard Red Spring Wheat futures contract.
Trent analyzes price resistance and support levels seen from January 2021 through March 2021,
Video Timestamps
00:00 Introduction and Overview
00:08 Understanding Price Memory in Markets
00:27 Analyzing the Weekly Chart
01:20 Daily Chart Insights
02:38 Market Sentiment and Strategy
03:47 Conclusion and Final Thoughts
Weekly Nearby Chart
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