Friday, February 17, 2017


FARM COMMODITY TREND ANALYSIS FEB/17/2017 FRIDAY

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 (MAR/17): 25 CENT DAILY LIMIT FREE WORLD STOCKS/UP O-I/NEW HIGH  
TREND CHANNEL:MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY LOWER HIGH  (BELOW MID CHANNEL/CLOSED@367)    

TARGETS: UP  (360  363  (367  372  377)  NET COMMITMENTS: COMMERCIALS MORE SHORT

SOYS (MAY/17): 65 CENT LIMIT FREE WORLD STOCKS DOWN OPEN INTEREST/UPPER RANGE
TREND CHANNEL: MONTHLY UP/MODERATE/WIDE  YEARLY-HIGHER LOWS
TRADING: DAILLY LOWER HIGH/CLOSE (LOWER CHANNEL INSIDE 1062-1038)

TARGETS: UP, (1030 (1038  1049  1062)  NET COMMITMENTS: COMMERCIALS MORE SHORT 

WHEAT (MAY/17): 35 CENT DAILY LIMIT FREE WORLD STOCKS/UP O-I/UPPER RANGE     
TREND CHANNEL: MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY LOWER HIGH NO BREAKOUT (ABOVE TOP INSIDE 462-454)              
TARGETS: UP, (443  454)  462)  471  NET COMMITMENTS: COMMERCIALS LESS LONG 

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT. OPEN INTEREST/LOWER RANGE
TREND CHANNEL: WEEKLY UP/MODERATE ANGLE/RANGE  YEARLY-HIGHER LOWS  
TRADING: DAILY LOWER HIGH/CLOSE (UPSIDE BOTTOM INSIDE 7651-7602)       
TARGETS: UP, (7602  7625  7651 7684)  NET COMMITMENTS: COMMERCIALS MORE SHORT   

HEATING OIL ULSD: (MAR/17)  25 CENT DAILY LIMIT,   OPEN INTEREST @ TOP
TREND CHANNEL: MONTHLY UP,/GRADUAL/WIDE  YEARLY HIGHER LOWS  PREMIUMS
TRADING: DAILY INSIDE DAY CLOSED EVEN (DOWNSIDE MID CHANNEL/164)
TARGETS: UP, (159  (164)  169)  176  NET COMMITMENTS: COMMERCIALS LESS SHORT
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