Sunday, May 28, 2017


FARM COMMODITIES/TREND ANALYSIS/MAY 25/2017-FRIDAY 
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, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/LOWER,                
TREND: MONTHLY, PRICE/UP, RANGE/(325-388), OPEN INTEREST/UP-ON TREND                
TRADING: HIGHER, ACCELERATED, BUYING, TESTED TOP 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/UP-ABOVE TREND
TRADING: LOWER, ACCELERATED, SELLING, ON TREND REVISED LOWER, @927/SUPPORT   

TARGETS:: (979 962 945 927 910), 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/UP-ABOVE TREND          
TRADING: HIGHER, ACCELERATED, BUYING, ABOVE TREND, @439/RESISTANCE                           
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-ON TREND     
TRADING: FLAT, DECELERATED, NET BUYING, ABOVE TREND/7393, LOWER HIGH                             
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: LOWER, DECELERATED, NET BUYING, DOWNSIDE TREND, @153/SUPPORT   
TARGETS: (164 159 153 147 136)  COMMITMENTS, GAINING RELATIVE STRENGTH

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