Wednesday, April 19, 2017


FARM COMMODITY TREND ANALYSIS APR 19/2017 WEDNESDAY
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             NEUTRAL            
TREND CHANNEL: MONTHLY/NEW, UP, GRADUAL, NARROW, OPEN INTEREST/DOWN
TRADING: FLAT/LEG DOWN, MATCHED SELLING, DOWNSIDE 372, ONSIDE CHANNEL BOTTOM,    

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

SOYBEANS (JUL/17): 65 CENT LIMIT NET WORLD STOCKS DOWN        NEUTRAL
TREND CHANNEL: MONTHLY, DOWN, MODERATE, WIDE, OPEN INTEREST/DOWN
TRADING: FLAT/LEG DOWN, NET BUYING, UPSIDE 954, BELOW MID CHANNEL,     
 
TARGETS: DOWN, (968 954 943 929)  COMMITMENTS-RELATIVE STRENGTH: INCREASED

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

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                         BEARISH
TREND CHANNEL: YEARLY, LOWER, WIDE, OPEN INTEREST/FLAT-DOWN
TRADING: DOWN/LEG DOWN, ACCELERATED SELLING, UPSIDE 7420, ONSIDE MID CHANNEL,                 
TARGETS: DOWN, (7503 7448 7420 7332)  COMMITMENTS-RELATIVE STRENGTH: NO CHANGE     

HEATING OIL ULSD: (JUN/17) (NEW)  25 CENT DAILY LIMIT,                     BEARISH
TREND CHANNEL: YEARLY, UP, MODERATE, WIDE, OPEN INTEREST/UP
TRADING: DOWN/LEG DOWN, ACCELERATED SELLING, ABOVE 156, ONSIDE CHANNEL BOTTOM 

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