Wednesday, June 07, 2017


FARM COMMODITIES/TREND ANALYSIS/JUNE 7/2017
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/UP-ONSIDE TREND,                 
TRADING: UP/STEEP. ABOVE TREND, HIGH 387, ON LOWER STOCKS/JULY EXPIRY  

TARGETS: (370 379 388 397 406), 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: FLAT, NET BUYING, AB0VE TREND, SLOWING AT 927, A POSSIBLE TOP  

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

WHEAT (JUL/17): $0.30/BU, FREE WORLD STOCKS PROJECTED/LOWER, BULLISH         
TREND: PRICE/UP, RANGE/(390-479), OPEN INTEREST/DOWN-ABOVE TREND          
TRADING: UP/STEEP, ABOVE TREND, HIGH 449, ON LOWER STOCKS/JULY EXPIRY                                  
TARGETS: (429 439 449 459 469
), COMMITMENTS OF TRADERS:GAINED MOMENTUM,

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

TREND: PRICE/DOWN, RANGE/(7836-7261)  OPEN INTEREST/FLAT=ONSIDE TREND     
TRADING: DOWN, NET SELLING, DOWNSIDE TREND, AT 7393/SUPPORT, LOWER HIGH 

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 MORESO, ONSIDE TREND REVISED DOWN MORESO, LOW 141 

TARGETS: (156 149 143 136 130)  COMMITMENTS OF TRADERS, GAINING MOMENTUM
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