Sunday, July 02, 2017


FARM COMMODITIES/TREND ANALYSIS/JUNE 30/2017-FRIDAY
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-LINE JOINS LOWER HIGHS, UP-LINE JOINS HIGHER LOWS 
TRADING: RELATIVE STRENGTH, POSITION OF PRICE RANGE,TREND,TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (JUL/17):
 $0.25/BU, FREE WORLD STOCKS ESTIMATED/FLAT-UP (325-388)              
TRENDS: PRICE-UP/MORE GRADUAL, OPEN INTEREST-DOWN LAST-DOWN BELOW TREND                 
TRADING: BEAR SQUEEZE SHORT COVERING UP LTD JULY UPSIDE TREND CLOSED ABOVE 370  

TARGETS: (370 379 388 397) COMMITMENTS OF TRADERS: NET POSITIONS-REDUCED

SOYBEANS (JUL/17):
 $0.70/BU, FREE WORLD STOCKS ESTIMATED/UP, (1196-910)
TRENDS: PRICE-DOWN/LESS SO OPEN INTEREST-DOWN LAST-LOWER ON TREND
TRADING: BEAR SQUEEZE SHORT COVERING UP LTD JULY ON TREND MET RESISTANCE @945
TARGETS: (996 979 962 945) COMMITMENTS OF TRADERS: NET POSITIONS-INCREASED

 

WHEAT (JUL/17): $0.30/BU, FREE WORLD STOCKS ESTIMATED/UP, (390-476)         
TRENDS: PRICE-UP/MODERATE, OPEN INTEREST-DOWN LAST-UP BELOW TREND           
TRADING: BEAR SQUEEZE SHORT COVERING UP LTD JULY ABOVE TREND CLOSED ABOVE 499 
TARGETS: (518 528 538 548
), COMMITMENTS OF TRADERS: NET POSITIONS EVEN 

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

TRENDS: PRICE-BREAKOUT UP/MODERATE OPEN INTEREST-DOWN LAST-UP ABOVE TREND     
TRADING: BUYING UP DECELERATED ABOVE TREND CLOSED ABOVE RESISTANCE @7703
TARGETS: (7659 7703 7747 7791)  COMMITMENTS OF TRADERS: NET POSITIONS REDUCED    


HEATING OIL ULSD: (AUG/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/GRADUAL, OPEN INTEREST-DOWN LAST-DOWN ON TREND
TRADING: NET BUYING UP STEADY ABOVE TREND TESTED/CLOSED NEAR RESISTANCE @149    

TARGETS: (149 156 163 169)  COMMITMENTS OF TRADERS: NET POSITIONS INCREASED
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