Today we look at the Southern Alberta Feed Barley Weekly chart.

Feed Barley is still above the 10-week moving average

Note my price target at 430, which is a 2.618 Fibonacci level.

Exceeding the 430 price target level keeps me bullish above that level.

I become cautious below 430 and will watch for a lower low while monitoring the moving averages to indicate a trend change.

Use this link to track my analysis for each commodity on my website, Analysis.