FARM COMMODITIES/TREND ANALYSIS/MAY 30/2017
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND DOWN: LINE JOINS LOWER HIGHS, TREND UP: LINE JOINS HIGHER LOWS
TRADING: DIRECTION, RELATIVE STRENGTH OF ACTIVITY/TREND/TARGETS
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT
CORN (JUL/17): $0.25/BU, FREE WORLD STOCKS PROJECTED/LOWER,
TREND: MONTHLY, PRICE/UP, RANGE/(325-388), OPEN INTEREST/UP-ON TREND
TRADING: LOWER, ACCELERATED, SELLING, TESTED BOTTOM OF CONVERGENCE/370
TARGETS: (352 361 370 379 388), COMMITMENTS, LOSING RELATIVE STRENGTH
SOYS (JUL/17): $0.70/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/LOWER,
TREND: MONTHLY, PRICE/DOWN, RANGE/(1186-927), OPEN INTEREST/FLAT-ABOVE TREND
TRADING: LOWER, ACCELERATED, SELLING, TEST OF TREND, @910/SUPPORT
TARGETS:: (945 927 910 893 876), COMMITMENTS, GAINED RELATIVE STRENGTH
WHEAT (JUL/17): $0.30/BU INITIAL LIMIT, FREE WORLD STOCKS PROJECTED/lLOWER
TREND: MONTHLY, PRICE/UP, RANGE/(390-479), OPEN INTEREST/FLAT-ABOVE TREND
TRADING: LOWER, ACCELERATED, SELLING, UPSIDE TREND, @429
TARGETS: (420 429 439 449 459 ), COMMITMENTS, LOST RELATIVE STRENGTH
DOLLAR CAD/USD: (JUN/17) 4.00 DAILY LIIMIT.
TREND: MONTHLY, PRICE/DOWN, RANGE/(7836-7305) OPEN INTEREST/DOWN
TRADING: FLAT, ACCELERATED, NET SELLING, ABOVE TREND/7393,
TARGETS: (7659 7570 7482 7393 7305) COMMITMENTS, RELATIVE STRENGTH IN BALANCE
HEATING OIL ULSD: (JUL/17), 25 CENT DAILY LIMIT,
TREND: MONTHLY, PRICE/DOWN, RANGE/(184 137), OPEN INTEREST/DOWN-BELOW TREND
TRADING: HIGHER, ACCELERATED, NET SELLING, ON TREND, ABOVE 153/SUPPORT
TARGETS: (164 159 153 147 136) COMMITMENTS, GAINING RELATIVE STRENGTH
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND DOWN: LINE JOINS LOWER HIGHS, TREND UP: LINE JOINS HIGHER LOWS
TRADING: DIRECTION, RELATIVE STRENGTH OF ACTIVITY/TREND/TARGETS
TREND: MONTHLY, PRICE/UP, RANGE/(325-388), OPEN INTEREST/UP-ON TREND
TRADING: LOWER, ACCELERATED, SELLING, TESTED BOTTOM OF CONVERGENCE/370
SOYS (JUL/17): $0.70/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/LOWER,
TREND: MONTHLY, PRICE/DOWN, RANGE/(1186-927), OPEN INTEREST/FLAT-ABOVE TREND
TRADING: LOWER, ACCELERATED, SELLING, TEST OF TREND, @910/SUPPORT
WHEAT (JUL/17): $0.30/BU INITIAL LIMIT, FREE WORLD STOCKS PROJECTED/lLOWER
TREND: MONTHLY, PRICE/UP, RANGE/(390-479), OPEN INTEREST/FLAT-ABOVE TREND
TRADING: LOWER, ACCELERATED, SELLING, UPSIDE TREND, @429
TARGETS: (420 429 439 449 459
DOLLAR CAD/USD: (JUN/17) 4.00 DAILY LIIMIT.
TREND: MONTHLY, PRICE/DOWN, RANGE/(7836-7305) OPEN INTEREST/DOWN
TRADING: FLAT, ACCELERATED, NET SELLING, ABOVE TREND/7393,
TARGETS: (7659 7570 7482 7393 7305) COMMITMENTS, RELATIVE STRENGTH IN BALANCE
HEATING OIL ULSD: (JUL/17), 25 CENT DAILY LIMIT,
TREND: MONTHLY, PRICE/DOWN, RANGE/(184 137), OPEN INTEREST/DOWN-BELOW TREND
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