Saturday, March 25, 2017



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: WEEKLY, DECELERATION DOWN, SELLING, BELOW/CLOSED BELOW BOTTOM-360 

TARGETS: UP  (351 360 363 372 395)  COMMITMENTS-REPORT: RELATIVE STRENGTH-REDUCED 

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

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

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT.                                 NEUTRAL
TREND CHANNEL: MONTHLY DOWN/GRADUALLY/ WIDE RANGE OPEN INTEREST/FLAT
TRADING: WEEKLY, MIXED DOWN, MATCHED, ABOVE MID LINE, ONSIDE 7503         
TARGETS: DOWN, (7628 7554 7503 7420)  COMMITMENTS: RELATIVE STRENGTH REVERSED-EVEN:    

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,                            BEARISH
TREND CHANNEL: MONTHLY UP/LESS, MODERATE RANGE, OPEN INTEREST/FLAT
TRADING: WEEKLY, MIXED FLAT, BELOW CHANNEL BOTTOM LINE/151 

TARGETS:UP, (144 151 164 177)  COMMITMENTS-REPORT: RELATIVE STRENGTH-REDUCED
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