Thursday, February 16, 2017


FARM COMMODITY TREND ANALYSIS FEB/16/2017 THURSDAY

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/UP  OPEN INTEREST/NEW HIGH  
TREND CHANNEL:MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: MONTHLY HIGHER LOWS TESTED/CLOSED DOWN (BELOW MID CHANNEL/377)    

TARGETS: UP  (360  363  367  (372  377)  COMMITMENTS/TRADERS: INCREASE-WEEK/1

SOYS/SH17: 65 CENT LIMIT FREE WORLD STOCKS DOWN OPEN INTEREST/UPPER RANGE
TREND CHANNEL: MONTHLY UP/MODERATE/WIDE  YEARLY-HIGHER LOWS
TRADING: MONTHLY HIGHER LOWS RESISTANCE (MID CHANNEL/1062 CLOSED 1049-1038)

TARGETS: UP, (1030  1038  1049  1062)  COMMITMENTS/TRADERS:INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT FREE WORLD STOCKS/UP OPEN INT/UPPER RANGE     
TREND CHANNEL: MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: WEEKY HIGHER LOWS TESTED 467 ABOVE TOP/CLOSED BELOW@(454              
TARGETS: UP, (443  454)  462)  471   COMMITMENTS/TRADERS: DECREASE WEEK/1 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT. OPEN INTEREST/LOWER RANGE
TREND CHANNEL: WEEKLY UP/MODERATE ANGLE/RANGE  YEARLY-HIGHER LOWS  
TRADING: MONTHLY HIGHER LOWS RESISTANCE (LOWER CHANNEL@7684)       
TARGETS: UP, (7602  7625  7651  (7684)  COMMITMENTS/TRADERS:INCREASE-WEEK/2   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   OPEN INTEREST @ TOP
TREND CHANNEL: MONTHLY UP,/GRADUAL/WIDE  YEARLY HIGHER LOWS  PREMIUMS
TRADING: WEEKLY-FLAT LOWER HIGHS TESTED SUPPORT (MID CHANNEL/CLOSED@164)
TARGETS: UP, (159  (164)  169)  176  COMMITMENTS/TRADERS: DECREASE-WEEK/2
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