Red Lentil Price Drops

Moments ago, I was informed that Red lentils have dropped to $43/cwt or $0.43/lb.

The chart below shows the price retesting the previous low at 43.

The price is now testing the 30- week MA below the 10- and 20- week MAs.

I have identified a green trendline that could bring in buyers; however, there is no previous supply until 30-33.5.

That is 23% lower than today’s price.

A new low below 43 is a another Sell Signal.

You can track my Red Lentil Analysis on my website here.

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

Think Wayne Gretzky, skating to where the puck is going.

That is our mission