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
TREND CHANNEL: MONTHLY UP/MORE GRADUALLY NARROW RANGE OPEN INTEREST/UP
TRADING: WEEKLY, DECELERATION DOWN, SELLING, BELOW/CLOSED BELOW BOTTOM-360
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
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,
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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