Klarenbach Grain Report Chart of the Day
Several reasons for this ugly daily candle. Â
A reversal candle, by my definition.
Likely some shorts got squeezed.
Technically, selling at resistance is a common, effective strategy. Â
Look for a 1-4 day pullback and reassess.
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Trent Klarenbach, BSA AgEc, PAg, publishes the Klarenbach Grain Report,  Klarenbach Special Crops Report, The Daily Board and The Daily Kernel newsletters.                                                                                                                                                                                                                                                                                                                                                                                                  Â
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