Monday, June 19, 2017


FARM COMMODITIES/TREND ANALYSIS/JUNE 19/2017
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-LINE JOINS LOWER HIGHS, UP-LINE JOINS HIGHER LOWS 
TRADING: RELATIVE STRENGTH, POSITION  OF RANGE,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-(DOWNSIDE TREND)                 
TRADING: NET SELLING, DOWN, ABOVE TREND, BELOW RESISTANCE @OLD HIGHS + 379 

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: NET SELLING UP TESTED TREND/SUPPORT, RESISTANCE @945/PREVIOUS HIGH ,
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: NET BUYING UP/STEEP ABOVE TREND TESTING RESISTANCE @OLD HIGHS +466
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: NET SELLING UP DOWNSIDE TREND TESTING RESISTANCE @TREND +7570
TARGETS: (7615 7570 7526 7482)  COMMITMENTS/TRADERS: NET POSITIONS REDUCED    


HEATING OIL ULSD: (JUL/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/GRADUAL, OPEN INTEREST-DOWN/GRADUAL-(ABOVE TREND)
TRADING: NET SELLING DOWN UPSIDE TREND/SUPPORT, DOWNSIDE RESISTANCE @143  

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