Wednesday, June 14, 2017


FARM COMMODITIES/TREND ANALYSIS/JUNE 14/2017
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-FLAT/DOWN (325-388)              
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-UP/SEMI-MODERATE-(ABOVE TREND)                 
TRADING: FLAT, NET SELLING. TESTED/CLOSED BELOW 379, ABOVE TREND
TARGETS: (361 370 379 388 397), COMMITMENTS OF TRADERS: BIG DECREASE


SOYS (JUL/17):
 $0.70/BU, FREE WORLD STOCKS PROJECTED/UP, (1196-910)
TRENDS: PRICE-DOWN/SEMI-MODERATE, OPEN INTEREST-DOWN/GRADUAL-(ABOVE)
TRADING: FLAT-DOWN, OFFSET SELLING, ABOVE 928, DOWNSIDE TREND
TARGETS: (962 945 928 910 893), COMMITMENTS OF TRADERS, FLAT, NO CHANGE

 

WHEAT (JUL/17): $0.30/BU, FREE WORLD STOCKS PROJECTED/UP, (390-476)         
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-DOWN/MODERATE-(BELOW TREND)           
TRADING: UP/STEEP, OFFSET SELLING, TESTED/CLOSED BELOW 446, ABOVE TREND
TARGETS: (426 436 446 456 466
), COMMITMENTS OF TRADERS: SMALL DECREASE,

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

TRENDS: PRICE-DOWN/REVISED TO GRADUAL, OPEN INTEREST-FLAT-(ON TREND)     
TRADING: UP/STEEP, OFFSET SELLING TESTED/CLOSED BELOW  BOTH 7570/TREND,
TARGETS: (7615 7570 7526 7482)  COMMITMENTS OF TRADERS: SMALL DECREASE    


HEATING OIL ULSD: (JUL/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/LESS GRADUAL, OPEN INTEREST-DOWN-(ABOVE TREND)
TRADING: DOWN, SELLING, TESTED/CLOSED BELOW 143, UPSIDE TREND,

TARGETS: (156 149 143 136 130)  COMMITMENTS OF TRADERS, GOOD DECREASE
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