Friday, June 16, 2017


FARM COMMODITIES/TREND ANALYSIS/JUNE 16/2017
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-LINE JOINS LOWER HIGHS, 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, FREE WORLD STOCKS ESTIMATED/FLAT-UP (325-388)              
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-DOWN/MODERATE-(ON TREND)                 
TRADING: UP BUYING PENETRATED/CLOSED ABOVE 379/RESISTANCE UP ABOVE TREND
 
TARGETS: (361 370 379 388 397), COMMITMENTS OF TRADERS: HEDGERS NET SHORT

SOYS (JUL/17):
 $0.70/BU, FREE WORLD STOCKS ESTIMATED/UP, (1196-910)
TRENDS: PRICE-DOWN/SEMI-MODERATE, OPEN INTEREST-DOWN/GRADUAL-(ABOVE)
TRADING: UP NET BUYING INSIDE 928-945 TESTED/CLOSED ABOVE TREND/RESISTANCE
TARGETS: (962 945 928 910), COMMITMENTS OF TRADERS: NET POSITIONS-REDUCED

 

WHEAT (JUL/17): $0.30/BU, FREE WORLD STOCKS ESTIMATED/UP, (390-476)         
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-DOWN/GRADUAL-(BELOW TREND)           
TRADING: UP NET BUYING TESTED/CLOSED BELOW 466/RESISTANCE NEW HIGH
TARGETS: (446 456 466 476
), COMMITMENTS OF TRADERS: NET POSITIONS REDUCED 

DOLLAR CAD/USD:
 (JUN/17)  4.00 DAILY LIIMIT,  RANGE: (7836-7261)

TRENDS: PRICE-DOWN/GRADUAL, OPEN INTEREST-FLAT-(ABOVE TREND)     
TRADING: FLAT-UP, BUYING MET 7570/RESISTANCE, BELOW TREND, HIGHER LOW
TARGETS: (7615 7570 7526 7482)  COMMITMENTS/TRADERS: NET POSITIONS REDUCED    


HEATING OIL ULSD: (JUL/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN, OPEN INTEREST-DOWN/MORE GRADUAL-FLAT-(ABOVE TREND)
TRADING: UP NET BUYING MET 143/RESISTANCE UPSIDE TREND HIGHER LOW

TARGETS: (156 149 143 136)  COMMITMENTS OF TRADERS: NET POSITIONS REDUCED
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