Wednesday, May 24, 2017


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
 
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES, RESISTANCE, SUPPORT 

CORN (JUL/17): $0.25/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/LOWER,                
TREND: MONTHLY, PRICE/UP, RANGE/(325-388), OPEN INTEREST/UP                
TRADING: DECELERATED FLAT, OFFSET, INSIDE CONVERGENCE/ON 370 AS SUPPORT 
    
TARGETS: (352 361 370 379 388), RELATIVE STRENGTH OF COMMITMENTS/FLAT,  

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  

TARGETS:: (996 979 962 945 927), RELATIVE STRENGTH OF COMMITMENTS/FLAT

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
), RELATIVE STRENGTH OF COMMITMENTS/UP

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 

TRADING: FLAT HIGHER, MATCHED, ABOVE TREND, UPSIDE 160   
TARGETS: (184 172 160 149 137)  RELATIVE STRENGTH OF COMMITMENTS/DOWN,

No comments:

Google+