Saturday, June 03, 2017


FARM COMMODITIES/TREND ANALYSIS/JUNE2/2017-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,  FREE WORLD STOCKS PROJECTED/LOWER, BULLISH               
TREND: PRICE/UP, RANGE/(325-388), OPEN INTEREST/FLAT-BELOW TREND                
TRADING: UP, UPSIDE OF CONVERGING TREND DOWN, NET BUYING, UPSIDE 370

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

SOYS (JUL/17): $0.70/BU, FREE WORLD STOCKS PROJECTED/LOWER,  BULLISH
TREND: PRICE/DOWN, RANGE/(1186-910), OPEN INTEREST/UP-ABOVE TREND
TRADING: UP, BUYING, ACCELERATED, CLOSED ABOVE TREND, UPSIDE BOTTOM/910,  

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: UP, DECELERATED, OFFSET SELLING, TESTED TREND+429/SUPPORT,                               
TARGETS: (410 420 429 439 449
), COMMITMENTS OF TRADERS:GAINED MOMENTUM,

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

TREND: PRICE/DOWN, RANGE/(7836-7261)  OPEN INTEREST/FLAT=ONSIDE TREND     
TRADING: DOWN, NET BUYING, ABOVE TREND, CLOSED ABOVE 7393/SUPPORT                             
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, EVEN, NET SELLING, BELOW TREND, CLOSED BELOW 149/SUPPORT

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

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