A Technical Chart Opinion . . . .

There have been a number of subscriber inquiries on where support and resistance lines are situated on-the-charts for various commodities. Of noted interest; many canola growers are very concerned about the recent price slide across the global vegetable oil market. There appears to be an adequate supply of unpriced canola in the bin heading toward crop year end. Here’s an opinion and my two-bits where buyers (support lines) and sellers (resistance lines) are located on-the-charts.