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?
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I cover this technical setup and specific price targets in depth in the Klarenbach Grain Report.Â
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Trent Klarenbach, BSA AgEc, PAg, publishes the Klarenbach Grain Report and the Klarenbach Special Crops Report. Â
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