Massive Test for Canola as it battles the "Mean.

Massive Test for Canola as it battles the "Mean." 🚜🚨

We are witnessing a high-stakes showdown at the 200-period Moving Average on this multi-year Weekly chart.

The relationship between price and the "Big Money" is telling a very specific story here.

Historically, when price hovers near or below the purple 200-week Moving Average and Large Speculators (Green line) begin reducing their long positions, the floor tends to fall out. 📉

The blue circles highlight this exact "Exit Liquidity" pattern: Specs give up, and the price follows them down shortly after.

Currently, we are finding support from the that 200-week Moving Average with Speculator interest rolling over again. 

Is history about to repeat itself? 👀

Are you buying the 200-week Moving Average support, or are the COT Large Spec outflows making you bearish? 📈💬

We discuss this and more in our recent analysis:

Canola, Futures, Cash, Basis and Commitment of Traders

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

Sign up below for a FREE trial of our newsletters

https://www.klarenbach.ca