Saturday, April 08, 2017


FARM COMMODITY TREND ANALYSIS APR 07/2017 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: WEEKLY, DOWN, GRADUAL, NARROW, OPEN INTEREST/UP-SHORT SELLING
TRADING MOVE: WEEKLY, DAY 4, DOWN, ONSIDE 360/CHANNEL TOP, NET SELLING   

TARGETS: DOWN  (386 360 350 340)  COMMITMENTS-RELATIVE STRENGTH: REDUCED

SOYBEANS (MAY/17): 65 CENT LIMIT NET WORLD STOCKS DOWN         NEUTRAL
TREND CHANNEL: MONTHLY, DOWN, MODERATE, WIDE, OPEN INTEREST/UP-SHORT SELLING
TRADING MOVE: WEEKLY, DAY 4, FLAT, ONSIDE 943/MID UPPER CHANNEL, NET MIXED     
 
TARGETS: DOWN, (968 954 943 929)  COMMITMENTS-RELATIVE STRENGTH: REDUCED

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP          BEARISH
TREND CHANNEL: YEARLY, UP/LESS SO), NARROW, OPEN INTEREST/FLAT-UP, OFFSET
TRADING MOVE: WEEKLY, DAY 4, DOWN, INSIDE 434-432, ONSIDE MID CHANNEL, MIXED                    
TARGETS: UP, (387 407 422 434 457 480)  COMMITMENTS-RELATIVE STRENGTH-: INCREASED  

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                 NEUTRAL
TREND CHANNEL: YEARLY, LOWER, WIDE, OPEN INTEREST/UP-SHORT SELLING
TRADING MOVE: WEEKLY, DAY 5 DOWN, DOWNSIDE 7503, UPSIDE MID CHANNEL, SELLING                
TARGETS: DOWN, (7554 7503 7448 7420)  COMMITMENTS-RELATIVE STRENGTH: UP SLIGHTLY     

HEATING OIL ULSD: (MAY/17)  25 CENT DAILY LIMIT,                           BULLISH
TREND CHANNEL: YEARLY, UP, MODERATE, WIDE, OPEN INTEREST/FLAT, OFFSET
TRADING MOVE: WEEKLY, DAY 4, UP, (151-164), ONSIDE 164, ABOVE CHANNEL BOTTOM 

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