Tuesday, June 06, 2017


FARM COMMODITIES/TREND ANALYSIS/JUNE 6/2017
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, BULLISH              
TREND: PRICE/UP, RANGE/(325-388), OPEN INTEREST/FLAT-BELOW TREND                
TRADING: UP, CONVERGING TREND UP PREVAILED, MET 379/MAJOR RESISTANCE 

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

SOYS (JUL/17): $0.70/BU, FREE WORLD STOCKS PROJECTED/LOWER, BEARISH
TREND: PRICE/DOWN, RANGE/(1186-910), OPEN INTEREST/UP-ABOVE TREND
TRADING: UP, BEARISH SPIKE/PULL BACK, TESTED/CLOSED BELOW 927/RESISTANCE  

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

WHEAT (JUL/17): $0.30/BU, FREE WORLD STOCKS PROJECTED/lLOWER, BULLISH         
TREND: PRICE/UP, RANGE/(390-479), OPEN INTEREST/DOWN-ABOVE TREND          
TRADING: UP, UPSIDE/CONFIRMING TREND AS VALID, MET 439/RESISTANCE                                
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, ACCELERATED, NET BUYING, BELOW TREND, TESTED 7438/RESISTANCE 

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, DECELERATED, NET BUYING, BELOW TREND, MET 143/SUPPORT

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

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