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Tag Archives moving average

January 2017 canola, including 20-day moving average and (in separate graph at bottom) RSI, from June through to Nov. 24, 2016. (Barchart.com)
Canola, Crops, Markets

Canola nearing chart resistance

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CNS Canada –– ICE Futures Canada canola contracts have trended higher for the past two weeks, with a rally in Chicago Board of Trade soyoil providing an added boost on Wednesday. While the nearby technical signals may be pointing higher, canola is also nearing major chart resistance. The January contract closed Thursday at $527.40 per […] Read more
November 2016 canola at close on July 7, 2016. The single red line tracks the 200-day moving average. (Barchart.com)
Canola, Crops, Markets

Canola drops hard, nearing major chart support

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CNS Canada — ICE Futures Canada canola contracts fell below nearby chart support on Thursday, hitting their softest levels in four months. There is more room to the downside, but the market is also looking oversold. Fund traders were noted sellers on the move down, liquidating long positions and possibly moving to the short side […] Read more
November 2016 canola as of June 21, 2016. Chart includes 100-day (red) and 200-day (green) moving averages. (Barchart.com)
Canola, Crops, Markets

Canola charts turn bearish

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CNS Canada — ICE Futures Canada canola contracts have crashed hard the past few days, losing roughly $40 per tonne since hitting some of their highest levels of the past year the previous week, as speculators bailed out of long positions. The most active November contract settled at $493.60 per tonne on Tuesday, its weakest […] Read more

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