Monday, May 22, 2017


FARM COMMODITY/TREND ANALYSIS/ MAY 22/2017 
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: A LINE DOWN, JOINS LOWER HIGHS, UP, JOINS HIGHER LOWS 
TRADING: DIRECTION, ACTIVITY, RELATIVE STRENGTH OF TREND, TARGETS
 
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES, RESISTANCE, SUPPORT 

CORN (JUL/17): $0.25/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/LOWER,                
TREND: MONTHLY/UP,  MONTHLY RANGE/(325-388), OPEN INTEREST/DOWN                
TRADING: HIGHER, BUYING, CLOSED UP ON
 TOP OF CONVERGENCE, BELOW 379     
TARGETS: (352 363 370 379 388), RELATIVE STRENGTH OF COMMITMENTS/FLAT,  

SOYS (JUL/17): $0.70/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/LOWER,
TREND: MONTHLY/DOWN, MONTHLY RANGE/(1186-927), OPEN INTEREST/UP  
TRADING: HIGHER, NET BUYING, UPSIDE TREND, MET RESISTANCE @ 962  

TARGETS:: (1014 996 979 962 945), RELATIVE STRENGTH OF COMMITMENTS/FLAT

WHEAT (JUL/17): $0.30/BU INITIAL LIMIT, FREE WORLD STOCKS PROJECTED/DOWN,         
TREND: MONTHLY/UP, MONTHLY RANGE/(390-479), OPEN INTEREST/UP             
TRADING: HIGHER, NET SELLING, ABOVE TREND, TESTED RESISTANCE @ 439                           
TARGETS: (420 429 439 449 459
), RELATIVE STRENGTH OF COMMITMENTS/UP

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                     
TREND: MONTHLY/DOWN, MONTHLY RANGE/(7836-7305)  OPEN INTEREST/FLAT     
TRADING: HIGHER, QUIET, OFFSET BUYING, CLOSED ABOVE TREND/7393                            
TARGETS: (7659 7570 7482 7393 7305)  RELATIVE STRENGTH OF COMMITMENTS/UP     

HEATING OIL ULSD: (JUN/17),  25 CENT DAILY LIMIT, TRADED BELOW REVISED TREND                     
TREND: MONTHLY/DOWN, MONTHLY/ RANGE/(184 137) OPEN INTEREST/DOWN, 

TRADING: HUGHER, QUIET, BUYING, ABOVE TREND, TESTED/CLOSED ABOVE 160  
TARGETS: (184 172 160 149 137)  RELATIVE STRENGTH OF COMMITMENTS/DOWN,
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