Wednesday, February 01, 2017


FARM COMMODITY TREND ANALYSIS FEB/01/2017 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  HIGHER LOWS MONTHLY
TREND CHANNEL:MONTHLY UP/GRADUAL  NARROW RANGE  PREMIUM MARKET FORWARD-DEC/19
TRADING: DAILY-RALLY INSIDE LOWER CHANNEL MET RESISTANCE @367    

TARGETS: UP  (360  363  367)  372  377  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/4 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  HIGHER LOWS YEARLY
TREND CHANNEL: MONTHLY UP/WIDE RANGE  PREMIUM MARKET FORWARD-AUG/17
TRADING: DAILLY-RALLY INSIDE LOWER CHANNEL  MET RESISTANCE@1038            
TARGETS: UP, (1022  1030  1038)  1049  1062)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/2 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  HIGHER lOWS MONTHLY   
TREND CHANNEL: MONTHLY UP/GRADUAL  NARROW RANGE  PREMIUM MARKET FORWARD-JUL/19
TRADING: DAILY-RALLY  ONSIDE MID CHANNEL  MET RESISTANCE@435            
TARGETS: UP,  (424  429  435)  443  454  COMMITMENTS OF TRADERS: NET DECREASE WEEK/2 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.                  HIGHER LOWS YEARLY 
TREND CHANNEL: WEEKLY UP/MODERATE  MODERATE RANGE  PREMIUM FORWARD-DEC/21 
TRADING: WEEKLY-FLAT  ONSIDE MID CHANNEL  THROUGH RESISTANCE@7651       
TARGETS: UP, 7542  (7602  7651  7684)  7724  COMMITMENTS OF TRADERS: NET DECREASE-WEEK/3   

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

TRADING: DAILY-RALLY UPSIDE MID CHANNEL  THROUGH RESISTANCE@164  
TARGETS: UP, (159  164  169)  176  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 
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