Friday, May 12, 2017


FARM COMMODITY TREND ANALYSIS MAY 12/2017 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: LINES, LONG TERM, JOINING, LOWER HIGHS/DOWN, HIGHER LOWS/UP 
TARGETS:  RESISTANCE/SUPPORT LEVELS, OBJECTIVES (PROJECTED)
 
TRADING: DIRECTION, STRENGTH, RELATIVE LOCATION TO TRENDS/TARGETS 

CORN (JUL/17): $0.25/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/DOWN,                
TREND: MONTHLY-LINE/UP, OPEN INTEREST/UP,       RANGE (351-385)   
TRADING: HIGHER LOWS UP PROJECT TEST TOP OF CONVERGENCE@372     

TARGETS: UP, (351 360 372 377 385), RELATIVE STRENGTH OF COMMITMENTS/UP,  

SOYS (JUL/17): $0.70/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/DOWN,
TREND: MONTHLY-LINE/DOWN, OPEN INTEREST/FLAT, RANGE (987-943)
TRADING: LOWER HIGHS, SPIKE AT TOP/987, PROJECTS LEVELS AS SUPPORT

TARGETS: DOWN, (987 968 954 943)  RELATIVE STRENGTH OF COMMITMENTS/DOWN

WHEAT (JUL/17): $0.30/BU INITIAL LIMIT, FREE WORLD STOCKS PROJECTED/DOWN,         
TREND: MONTHLY-LINE/UP, OPEN INTEREST/FLAT            RANGE (422-457)
TRADING: HIGHER LOW, ABOVE 422, PROJECTS LEVELS AS RESISTANCE                          
TARGETS: UP, (422 434 443 457 480)  RELATIVE STRENGTH OF COMMITMENTS/FLAT

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                     
TREND: MONTHLY-LINE/DOWN, OPEN INTEREST/FLAT    RANGE (7717-7260)-
TRADING: DRIFTING DOWN, SUPPORT HOLDING @7298, DESERVES WATCHING                      
TARGETS: (7433 7332 7298 7260)  RELATIVE STRENGTH OF COMMITMENTS/UP++     

HEATING OIL ULSD: (JUN/17),  25 CENT DAILY LIMIT,                        
TREND: MONTHLY-LINE DOWN, LESS SO, OPEN INTEREST/DOWN, RANGE (164-141)
TRADING: HIGHER LOWS, SPIKE @ BOTTOM/141, PROJECT LEVELS AS RESISTANCE  

TARGETS: DOWN, (164 153 146 141)  RELATIVE STRENGTH OF COMMITMENTS/DOWN,
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