Saturday, April 29, 2017


FARM COMMODITY TREND ANALYSIS APR 28/2017 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: LINES JOINING LONG TERM, DOWN/LOWER HIGHS, UP/HIGHER LOWS 
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            LOWER HIGHS            
TREND: MONTHLY-LINE/UP, OPEN INTEREST/DOWN (LONG LIQUIDATION)
TRADING: DOWN/LEG DOWN, NET SELLING, ABOVE MAJOR SUPPORT@TREND/360     

TARGETS: UP  (351 360 372 385)  COMMITMENTS REPORT = MORE STRENGTH

SOYBEANS (JUL/17): 65 CENT LIMIT NET WORLD STOCKS DOWN         LOWER HIGHS
TREND: MONTHLY-LINE/DOWN, OPEN INTEREST/DOWN-FLAT (LESS LIQUIDATION))
TRADING: DPWN/LEG DOWN, MATCHED BUYING, BELOW TREND, TESTED SUPPORT @ 954  
 
TARGETS: DOWN, (1004 968 954 943)  COMMITMENTS REPORT= MORE STRENGTH

WHEAT (JUL/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP,          HIGHER LOWS     
TREND: MONTHLY-LINE/UP, OPEN INTEREST/DOWN (SHORT COVERING
TRADING: UP/LEG UP, NET SELLING, MET RESISTANCE @ 434, ABOVE TREND,                      
TARGETS: UP, (411 422 434 457)  COMMITMENTS REPORT = MORE STRENGTH  

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                  LOWER HIGHS     
TREND: MONTHLY-LINE/DOWN OPEN INTEREST/UP (SHORT SELLING)
TRADING: DOWN/LEG DOWN, DECELERATION, NET SELLING, TESTING MAJOR SUPPORT                   
TARGETS: DOWN, (7503 7448 7420 7332)  COMMITMENTS REPORT =- MORE STRENGTH     

HEATING OIL ULSD: (JUN/17) (NEW)  25 CENT DAILY LIMIT,                  LOWER HIGHS 
TREND: MONTHLY-LINE UP/LESS SO, OPEN INTEREST/DOWN LONG (LIQUIDATION)
TRADING: DOWN/LEG DOWN, NET SELLING, SUPPORT @ 150, DOWNSIDE TREND  

TARGETS:UP, (151 156 164 169)  COMMITMENTS REPPORT = LESS STRENGTH
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