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Vegetable Oils Bulletin

Bob Lane | 08.18.2017 | Jacobsen

Canola Prices Drop, but Find Support as Momentum is Mixed

Canola oil prices moved lower after running into resistance near the Bollinger band highs which are 2-standard deviations above the 20-week moving average at 40.75. The next level of target support on canola is seen near the 20-week moving average at 38. Despite the dip in prices, the Bollinger bands are diverging from one another which reflects accelerating historical volatility. While daily…

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