Thursday, March 16, 2017


FARM COMMODITY TREND ANALYSIS MAR/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 (MAY/17): 25 CENT DAILY LIMIT NET WORLD STOCKS/UP        OVERSOLD
TREND CHANNEL:MONTHLY UP/MORE GRADUAL NARROW RANGE OPEN INTEREST/FLAT
TRADING: DAILY ACCELERATED UP OFFSET BUYING UPSIDE REVISED BOTTOM LINE@367 

TARGETS: UP  (360  363  (367)  372)  COMMITMENTS: NET LONG ACCUMULATION  

SOYBEANS (MAY/17): 65 CENT LIMIT NET WORLD STOCKS DOWN    IN BALANCE
TREND CHANNEL: MONTHLY DOWN/MODERATE ANGLE/WIDE RANGE OPEN INTEREST/FLAT
TRADING: DAILY DECELERATED FLAT ABOVE MID CHANNEL TESTING RESISTANCE@1004 
 
TARGETS: UP, (1018 (1004 987) 968 954)  COMMITMENTS: NET LONG LIQUIDATION  

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP     IN BALANCE
TREND CHANNEL: MONTHLY UP/GRADUAL ANGLE/NARROW RANGE OPEN INTEREST/UP
TRADING: DAILY UP OFFSET SELLING UPSIDE SUPPORT@MID CHANNEL LINE/435                
TARGETS: UP, (429 (435 443) 454)  COMMITMENTS: NET LONG ACCUMULATION:  

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT.                            IN BALANCE
TREND CHANNEL: MONTHLY DOWN/GRADUAL ANGLE/ WIDE RANGE OPEN INTEREST/DOWN
TRADING: DAILY UP NET SELLING UPSIDE MID CHANNEL LINE TSTED/CLOSED BELLOW 7521        
TARGETS: DOWN, (7556 (7521 7416 7378)  COMMITMENTS: NET SHORT ACCUMULATION   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,                       OVERSOLD
TREND CHANNEL: YEARLY UP,/SEMI MODERATE ANGLE/MODERATE RANGE OPEN INT/UP
TRADING: WEEKLY DOWN DAILY UP DECELERATING BELOW BOTTOM LINE/SUPPORT@151

TARGETS: (135 144 (151) 159 164)  COMMITMENTS: NET SHORT LIQUIDATION
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