Durum Wheat Sell Signal Triggered

In the December 13 Durum Wheat Alert, I presented my first 1 CWAD SW Saskatchewan Sell signal.

The sell signal triggered, yesterday

Today, the average SW SK price dropped to 19.18, closing at the lowest since early October.

The price is below the 10-, 20- and 50 Day Moving Averages indicating a short- to intermediate-term downtrend.

The difference between yesterday’s price and today’s price is $0.38/bu realizing the producer an additional $380 per thousand bushels.

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Readers were altered to this possibility on the weekend, allowing them to anticipate this price action.

The purpose of this newsletter is to provide advance notice of trend changes in addition to support and resistance levels, allowing the reader to anticipate future price action.

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