Tuesday, April 18, 2017


FARM COMMODITY TREND ANALYSIS APR 18/2017 TUESDAY
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 (JUL/17): 25 CENT DAILY LIMIT NET WORLD STOCKS/UP   PREMIUM TO JUL/18
TREND CHANNEL: MONTHLY/NEW, UP, GRADUAL, NARROW, OPEN INTEREST/DOWN
TRADING: LEG DOWN, ONSIDE 372, UPSIDE CHANNEL BOTTOM,  SELLING    

TARGETS: UP  (351 360 372 385)  COMMITMENTS-RELATIVE STRENGTH: INCREASED

SOYBEANS (JUL/17): 65 CENT LIMIT NET WORLD STOCKS DOWN  PREMIUM TO JUL/17
TREND CHANNEL: MONTHLY, DOWN, MODERATE, WIDE, OPEN INTEREST/DOWN
TRADING/JULY, START OF LEG DOWN, ONSIDE 954, DOWNSIDE MID CHANNEL, NET SELLING     
 
TARGETS: DOWN, (968 954 943 929)  COMMITMENTS-RELATIVE STRENGTH: INCREASED

WHEAT (JUL/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP,   PREMIUM TO MAR/19  
TREND CHANNEL: YEARLY, UP/LESS SO), NARROW, OPEN INTEREST/FLAT
TRADING: LEG DOWN, UPSIDE 434, DOWNSIDE MID CHANNEL, MATCHED BUYING                     
TARGETS: UP, (422 434 457 480)  COMMITMENTS-RELATIVE STRENGTH-: NO CHANGE  

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                   
TREND CHANNEL: YEARLY, LOWER, WIDE, OPEN INTEREST/FLAT-DOWN
TRADING: LEG DOWN, ONSIDE 7503, UPSIDE MID CHANNEL, SELLING                
TARGETS: DOWN, (7554 7503 7448 7420)  COMMITMENTS-RELATIVE STRENGTH: NO CHANGE     

HEATING OIL ULSD: (JUN/17) (NEW)  25 CENT DAILY LIMIT,           PREMIUM TO FEB/18
TREND CHANNEL: YEARLY, UP, MODERATE, WIDE, OPEN INTEREST/UP
TRADING: LEG DOWN, DOWNSIDE 164, UPSIDE CHANNEL BOTTOM, NET SELLING 

TARGETS:UP, (151 156 164 169)  COMMITMENTS-RELATIVE STRENGTH:-INCREASED
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