Monday, June 05, 2017


FARM COMMODITIES/TREND ANALYSIS/JUNE 5/2017
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,  FREE WORLD STOCKS PROJECTED/LOWER, NEUTRAL               
TREND: PRICE/UP, RANGE/(325-388), OPEN INTEREST/FLAT-BELOW TREND                
TRADING: UP, DECELERATED, MATCHED, NO BREAKOUT UP, INSIDE 370-379

TARGETS: (352 361 370 379 388), COMMITMENTS OF TRADERS: GAINED MOMENTUM

SOYS (JUL/17): $0.70/BU, FREE WORLD STOCKS PROJECTED/LOWER, LESS BULLISH
TREND: PRICE/DOWN, RANGE/(1186-910), OPEN INTEREST/UP-ABOVE TREND
TRADING: UP, NET SELLING, DECELERATED, ABOVE TREND, MET 927/RESISTANCE,  

TARGETS:: (945 927 910 893 876), COMMITMENTS OF TRADERS, GAINING MOMENTUM

WHEAT (JUL/17): $0.30/BU, FREE WORLD STOCKS PROJECTED/lLOWER, NEUTRAL         
TREND: PRICE/UP, RANGE/(390-479), OPEN INTEREST/DOWN-ABOVE TREND          
TRADING: DOWN, EVEN, MATCHED, TESTED/CLOSED ABOVE TREND+429/SUPPORT,                               
TARGETS: (410 420 429 439 449
), COMMITMENTS OF TRADERS:GAINED MOMENTUM,

DOLLAR CAD/USD:
 (JUN/17)  4.00 DAILY LIIMIT.                              WEAK BULLISH 

TREND: PRICE/DOWN, RANGE/(7836-7261)  OPEN INTEREST/FLAT=ONSIDE TREND     
TRADING: UP, DECELERATED, NET BUYING, TESTED TOP OF BULLISH DRIFT @ 7438 

TARGETS: (7482 7393 7349 7261)  COMMITMENTS OF TRADERS: EQUAL MOMENTUM    

HEATING OIL ULSD: (JUL/17),  25 CENT DAILY LIMIT,                            BEARISH
TREND: PRICE/DOWN, RANGE/(176 136), OPEN INTEREST/UP-BELOW TREND
TRADING: DOWN, ACCELERATED, NET SELLING, BELOW TREND, INSIDE 149-143

TARGETS: (169 163 156 149 143)  COMMITMENTS OF TRADERS, GAINING MOMENTUM
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