FARM COMMODITY TREND ANALYSIS MAR 24/2017 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 (MAY/17): 25 CENT DAILY LIMIT NET WORLD STOCKS/UP            BEARISH
TREND CHANNEL: MONTHLY UP/MORE GRADUALLY NARROW RANGE OPEN INTEREST/UP
TRADING: DAILY, CONSTANT DOWN, SELLING, BELOW/CLOSED BELOW BOTTOM-360 
TARGETS: UP  (351 360 363 372 395)  COMMITMENTS-REPORT: NET LIQUIDATION     

SOYBEANS (MAY/17): 65 CENT LIMIT NET WORLD STOCKS DOWN         NEUTRAL
TREND CHANNEL: MONTHLY DOWN/MODERATELY/WIDE RANGE OPEN INTEREST/UP
TRADING: DAILY, ACCELERATION DOWN, SELLING, ABOVE MID LINE, TESTED SUPPORT @ 994  
TARGETS: DOWN, (1077 1050 1004 994 987 968)  COMMITMENTS-REPORT: NET LIQUIDATION  

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP          BEARISH
TREND CHANNEL: MONTHLY UP/GRADUALLY/NARROW RANGE OPEN INTEREST/UP
TRADING: DAILY, DECELERATION DOWN, SELLING, @BOTTOM LINE, TESTED SUPPORT @ 422                 
TARGETS: UP, (387 407 422 434 457 480)  COMMITMENTS-REPORT: ACCUMULATION   

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT.                                 NEUTRAL
TREND CHANNEL: MONTHLY DOWN/GRADUALLY/ WIDE RANGE OPEN INTEREST/FLAT
TRADING: DAILY, DECELERATION UP, MATCHED, ABOVE MID LINE, ONSIDE 7503         
TARGETS: DOWN, (7628 7554 7503 7420)  COMMITMENTS-REPORT: ACCUMULATION   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,                            BEARISH
TREND CHANNEL: MONTHLY UP/LESS, MODERATE RANGE, OPEN INTEREST/FLAT
TRADING: DAILY, DECELERATION FLAT, DOWNSIDE BOTTOM LINE/151 
TARGETS:UP, (144 151 164 177)  COMMITMENTS-REPORT: NET LIQUIDATION