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Trent Klarenbach

Potential Price Path for Canola

Trent Klarenbach - Contributor Content

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Canola Daily Nearby chart


The price is attempting to test the previous lows and the green 50- Day Moving Average.

The 50-DMA is still advancing and may begin to flatten out on or near May 5th.

The red line outlines a potential price path with the potential break below 700 on or near May 5th.

Will it happen?


 

I cover this technical setup and specific price targets in depth in the Klarenbach Grain Report. 

Join 3,500+ farmers getting sell signals and technical roadmaps here:

Trent Klarenbach, BSA AgEc, PAg, publishes the Klarenbach Grain Report and the Klarenbach Special Crops Report.  

                                                                                                                                                                                                                                                                                                                                                                                                                       

Klarenbach Research

                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

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https://www.klarenbach.ca

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

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