Canola Futures

Today we look a the Canola January Futures chart.

This chart is pretty simple to analyze as Canola is in a strong uptrend making a new high above 949 in October.

Since then, our first target of 1026 was met.

The price consolidated below that level for a week before breaking to new highs closing at 1027 today.

I am bullish as long as we are above 1027 with my next target at 1152.