Today, I will discuss the current state of the future contracts for November and January Canola.
We reviewed our October 7th analysis, when canola was at the 628 level, which we identified as a potential resistance point, and suggested strategies for trading.
Video Timestamps
00:00 Introduction and Market Overview
00:11 Previous Analysis Recap
00:44 Current Market Conditions
01:21 November Futures Chart Analysis
02:24 January Contract Insights
04:04 Trading Strategies and Recommendations
04:56 Conclusion and Final Thoughts
October 7, 2024 Review
October 7th Resistance Call
Identified $628 as resistance.
We shared that resistance levels are a logical place for profit-taking or short trades.
Strategy emphasized selling at resistance.
