Canola Finds Support as Daily Momentum Rebounds

Canola prices are rebounding from support levels after tumbling since January from nearly 43 to 37.  Support is seen near the Bollinger band low, which is two standard deviations below the 20-week moving average.  Resistance is seen near the 20-week moving average at 39.  Historical volatility is rising as the Bollinger bands begin to diverge after contracting during the past quarter.