Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Mon Apr 21, 2014 04:37 PM CDT

Monday's weak session across both the grain and oilseed markets saw the new-crop November canola future fall $6.30/mt, ending the session at $487.80/mt, after reaching a low of 10 cents above last week's low of $483.50/mt. Price on the daily chart fell below the support of the upward-sloping trendline at $490.50/mt, which has largely supported trade since reaching the February low of $431.50/mt.

A further sign of bearishness is seen in the middle study, where a divergence in stochastic indicators in April is indicated by lower highs of the faster %k line in April, the blue line on the attached ...

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