Thursday, January 19, 2017


FARM COMMODITY TREND ANALYSIS JANUARY/19/2017 THURSDAY

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: DIRECTION  ACTIVITY  STRENGTH  RELATIVE LOCATION  TO CHANNEL/TARGETS     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  OPEN INTEREST TREND-UP
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: FLAT  STALL  NET BUYING  HIGHER CLOSE TEST OF MID CHANNEL ABOVE 360   

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

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  OPEN INTEREST-UP
TREND CHANNEL: UP/NEW  WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: FLAT  STALL  NET SELLING  LOWER HIGH  UPPER CHANNEL  1078 AS RESISTANCE             
TARGETS: DOWN, 1006-1030  (1078)  1125  COMMITMENTS OF TRADERS: NET DECREASE 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   OPEN INTEREST-FLAT/DOWN
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: DOWN  MORE ACTIVE  SELLING  MID CHANNEL TEST OF SUPPORT AT 424            
TARGETS: UP,  (424)  429  435  443  COMMITMENTS OF TRADERS: NET DECREASE 

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.       MODERATE VOLUME  OPEN INTEREST-UP/FLAT
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: DOWN  LESS ACTIVE  NET SELLING  DOWNSIDE CHANNEL TOP  SUPPORT ABOVE 7476      
TARGETS: DOWN,  7556  (7521-7476)  7448  7416  COMMITMENTS OF TRADERS: NET DECREASE   

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

TRADING: FLAT  LESS ACTIVE  SELLING  UPPER CHANNEL  DOWNSIDE 164 AS RESISTANCE 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET DECREASE 
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