Friday, January 13, 2017


FARM COMMODITY TREND ANALYSIS JANUARY/13/2017 FRIDAY

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

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: LESS ACTIVE  MATCHED BUYING  FLAT  HIGHER LOWS  LOWER CHANNEL  DOWNSIDE 360

TARGETS: UP  351 (360)  377  395  COMMITMENTS OF TRADERS: NET INCREASE 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: DOWN/MODERATE  MEDIUM RANGE MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: LESS ACTIVE  NET BUYING  FLAT  HIGHER LOWS  TEST OF TOP AT PREVIOUS HIGHS             
TARGETS: DOWN, (1065-1022)  1005  990  COMMITMENTS OF TRADERS: NET DECREASE 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: LESS ACTIVE  NET BUYING  FLAT  HIGHER LOWS  MID CHANNEL AT 424          
TARGETS: UP, 387  411  (424)  429  443  COMMITMENTS OF TRADERS: NET DECREASE 

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  MODERATE/HIGH VOLUME
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: LESS ACTIVE  NET BUYING  FLAT  HIGHER LOWS  ABOVE TOP  AT OLD HIGH  BELOW 7656      
TARGETS: DOWN, (7656-7584)  7556  7521  COMMITMENTS OF TRADERS: NET DECREASE   

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

TRADING: AS ACTIVE  NET SELLING  DOWN  LOWER HIGH  IN UPPER CHANNEL AT 164 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET DECREASE 
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