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 Canola (RS.FUT) Close: 515.30 (+2.10), Feb 24, 2017

Chart Technical Analysis Canola (RS)

rsi chart
 Positive Candidate -Medium term, Feb 24, 2017Analysis Explanation
Canola is in a rising trend and a continued rise within this trend may be expected. In addition, the price has now fallen back towards the floor of the trend channel, which should give a reaction up. The future has support at 507 and resistance at 528. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend. The future is overall assessed as technically positive for the medium long term.

1 day-1.17%1.79+0.41%
5 days15.353.42%4.07-1.15%
22 days21.457.58%5.51-1.55%
66 days22.4413.82%6.08-0.08%
Trend 31%514.79 - 565.21
Short Term Trading Range2017-01-17
Moving average2016-10-25
Long Term Trading Range2016-10-11

 


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