Red Lentils

Special Crops Technical Analysis

After a month of little movement, the Red lentil charts are beginning to demand our attention.

Today, we provide a series of charts beginning with the most interesting but the least relevant, finishing with the most confusing and most suitable.

Sound reasonable?

Let us begin.

The first chart is the long-term Average Saskatchewan Plant chart dating back to 1998.

Notice the volatility occurring with highs in 1998, 2016 and 2021.

Do Red lentils have an eight-year price cycle?

Can we expect a new high in 2022?

Notice the short duration that the price spends near the highs.

We suspect that minimal volume trades at these levels.

The following charts examine the recent price action looking for trade signals on shorter-term charts.