Friday, June 09, 2017

FARM COMMODITIES/TREND ANALYSIS/JUNE 9/2017
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, (325-388)              
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-UP/SEMI-MODERATE-ABOVE TREND                 
TRADING: DOWN, LOWER HIGH, NET BUYING ABOVE TREND, MET 388/RESISTANCE
TARGETS: (370 379 388 397 406), COMMITMENTS OF TRADERS: BIG DECREASE


SOYS (JUL/17):
 $0.70/BU, FREE WORLD STOCKS PROJECTED/FLAT, (1196-910)
TRENDS: PRICE-DOWN/MODERATE, OPEN INTEREST-DOWN/GRADUAL-ABOVE TREND
TRADING: FLAT, INSIDE DAY, NET BUYING, ON TREND, MET 945/RESISTANCE
TARGETS: (979 962 945 927 910), COMMITMENTS OF TRADERS, FLAT, NO CHANGE

 

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

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

TRENDS: PRICE-DOWN/MODERATE, OPEN INTEREST-FLAT-ON TREND     
TRADING: FLAT, OUTSIDE DAY, NET BUYING, DOWNSIDE TREND, MET 7393/SUPPORT
TARGETS: (7482 7393 7349 7261)  COMMITMENTS OF TRADERS: SMALL DECREASE    


HEATING OIL ULSD: (JUL/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/GRADUAL, OPEN INTEREST-UP/SEMI-MODERATE-ABOVE TREND,
TRADING: UP, HIGHER LOW NET BUYING, ON TREND, TESTED 143/RESISTANCE

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