Wednesday, January 25, 2017


FARM COMMODITY TREND ANALYSIS JAN/25/2017 WEDNESDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES
  
TRADING: DIRECTION  STRENGTH  RELATIVE LOCATION TO TARGETS/CHANNEL    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: DOWN DAY-1ST LOWER HIGH IN MOVE-TEST OF SUPPORT@363/DOWNSIDE MID CHANNEL     

TARGETS: UP  360  (363)  367  372  377  COMMITMENTS OF TRADERS: NET INCREASE-3RD WEEK 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: DOWN DAY-5TH LOWER HIGH IN MOVE-MET SUPPORT@1049/UPSIDE MID CHANNEL             
TARGETS: UP, 1030  (1049)  1062  1077  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: DOWN DAY-1ST LOWER HIGH IN MOVE-TEST OF SUPPORT@424/ONSIDE MID CHANNEL            
TARGETS: UP,  (424)  429  435  443  COMMITMENTS OF TRADERS: NET FLAT-1ST WEEK 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.   BREAKOUT UP  NEW TREND CHANNEL UP   
TREND CHANNEL: UP/MODERATE  MODERATE RANGE WEEKLY  PREMIUM FORWARD-DEC/21 
TRADING: UP DAY-3RD HIGHER LOW IN MOVE-MET RESISTANCE@7651/ONSIDE MID CHANNEL       
TARGETS: UP, 7542  (7602-7651)  7684  COMMITMENTS OF TRADERS: NET DECREASE-2ND WEEK   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21

TRADING: DOWN DAY-1ST LOWER HIGH IN MOVE-THROUGH SUPPORT@164/UPSIDE MID CHANNEL 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 
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