NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Fri May 2, 2014 04:56 PM CDT

The continuous active weekly chart for canola highlights the current challenge for the canola market. This week marks the fourth consecutive week that trade has struggled with the $479.20 per metric tonne level, which marks the 33% retracement from the September 2012 weekly high of $654.60/mt to the recent February weekly low of $392.80/mt. This week also marks the second week of the last four where the weekly close was above the $479.20 resistance level, with today's July future closing $11.20/mt higher at $480.40/mt

Note that this general area of resistance had previously acted as support in the July through ...

Quick View
Related News Stories
Saskatchewan Crop Report
Canada Markets
Ex-Mountie Hailed as Hero
Shots at Canada's Parliament Building
Canada Markets
Manitoba Crop Report
Canada Markets
Canada Markets
Alberta Crop Report
Canada Markets