Monday, June 26, 2017


FARM COMMODITIES/TREND ANALYSIS/JUNE 26/2017
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 PRICE 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-LAST ABOVE TREND                 
TRADING: OFFSET SELLING FLAT DECELERATED TESTING/CLOSING BELOW 361  

TARGETS: (343 352 361 370) COMMITMENTS OF TRADERS: NET POSITIONS-REDUCED

SOYBEANS (JUL/17):
 $0.70/BU, FREE WORLD STOCKS ESTIMATED/UP, (1196-910)
TRENDS: PRICE-DOWN/MODERATE OPEN INTEREST-DOWN LAST ABOVE TREND
TRADING: NET BUYING ABOVE TREND ACCELERATED MAKING A BOTTOM RESISTANCE @916
TARGETS: (919 910 893 876) COMMITMENTS OF TRADERS: NET POSITIONS-INCREASED

 

WHEAT (JUL/17): $0.30/BU, FREE WORLD STOCKS ESTIMATED/UP, (390-476)         
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-DOWN LAST BELOW TREND           
TRADING: SELLING DOWN ACCELERATED ABOVE TREND TO SUPPORT @449 
TARGETS: (439 449 459 469
), COMMITMENTS OF TRADERS: NET POSITIONS REDUCED 

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

TRENDS: PRICE-DOWN/GRADUAL, OPEN INTEREST-DOWN LESS SO     
TRADING: NET BUYING UP DECELERATED DOWNSIDE TREND RESISTANCE @7570
TARGETS: (7615 7570 7526 7482)  COMMITMENTS/TRADERS: NET POSITIONS REDUCED    


HEATING OIL ULSD: (AUG/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/GRADUAL-REVISED, OPEN INTEREST-UP/STEEP LAST ONSIDE TREND
TRADING: OFFSET BUYING FLAT CONSTANT RESISTANCE @TREND SUPPORT @136    

TARGETS: (149 143 136 130)  COMMITMENTS OF TRADERS: NET POSITIONS INCREASED
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