Canola Forms a Bottom as Momentum Turns Positive

Canola prices are attempting to form a bottom, hovering near support near the bollinger band low, which is two-standard deviations below the 20-week moving average at 36.50. Resistance is seen near the 20-week moving average at 38.  The bollinger bands, are converging which is a reflecting of declining historical volatility, which usually reflects consolidation.   

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