Canada Markets
Cliff Jamieson Canadian Grains Analyst
Wed Oct 22, 2014 05:01 PM CDT

The December oat contract is currently on track to post its fourth consecutive weekly gain this week since reaching a weekly low of $3.26/bu on the week of Sept. 29. At the same time, this week's high of $3.56/bu has yet to test the September high of $3.57 3/4/bu and the August high of $3.60 3/4/bu. A breakout to the upside from the current triangle pattern will also require the breach of the 2014 February high of $3.61 3/4/bu.

According to the middle study, momentum indicators continue to trend higher and indicate that a further move higher may be possible ...

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