Canola closed up $6.50/mt today right near the high.
I knew that breaking through 538 was a key level and should give us 550-560 but I would much rather be seeing a measured move higher than the Parabolic one we are seeing now. Canola is leading the Grain market and that is typically not a good sign.
A close on the high is Bullish but we are moving into Overbought territory though some wiggle room there as well for a higher open again tomorrow.
I am quite possibly an Intra-day seller tomorrow but will not blame anyone from pulling the pin on 10% Old or New Crop right here this afternoon.