FARM COMMODITY/TREND ANALYSIS/ MAY 24/2017
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
TREND: MONTHLY, PRICE/UP, RANGE/(325-388), OPEN INTEREST/UP
TRADING: DECELERATED FLAT, OFFSET, INSIDE CONVERGENCE/ON 370 AS SUPPORT
SOYS (JUL/17): $0.70/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/LOWER,
TREND: MONTHLY, PRICE/DOWN, RANGE/(1186-927), OPEN INTEREST/UP-FLAT
TRADING: DECELERATED LOWER, OFFSET BUYING SUPPORT@945 RESISTANCE@TREND
WHEAT (JUL/17): $0.30/BU INITIAL LIMIT, FREE WORLD STOCKS PROJECTED/lLOWER
TREND: MONTHLY, PRICE/UP, RANGE/(390-479), OPEN INTEREST/UP
TRADING: DECELERATED LOWER, NET BUYING, SUPPORT @ 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/FLAT
TRADING: ACCELERATED FLAT, OUTSIDE DAY, NET BUYING, SUPPORT @ TREND/7393,
TARGETS: (7659 7570 7482 7393 7305) RELATIVE STRENGTH OF COMMITMENTS/UP
HEATING OIL ULSD: (JUL/17), 25 CENT DAILY LIMIT,
TREND: MONTHLY, PRICE/DOWN, RANGE/(184 137), OPEN INTEREST/DOWN
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