Tuesday, July 11, 2017


FARM COMMODITIES-TREND ANALYSIS-JULY 11/2017
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS 
TRADING: RELATIVE STRENGTH, POSITION OF PRICE RANGE,TREND,TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (SEP/17):
 $0.25/BU, FREE WORLD STOCKS ESTIMATED/FLAT-UP (325-405)              
TRENDS: PRICE-UP/STEEP, OPEN INTEREST-UP (LAST-FLAT ON TREND)                 
TRADING: ACCELERATED FLAT OFFSET BUYING ON TREND MET RESISTANCE@405  

TARGETS: (387 397 405 415) COMMITMENTS OF TRADERS: NET REDUCED REVERSED

SOYBEANS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS ESTIMATED/UP, (1196-910)
TRENDS: PRICE-UP/STEEP OPEN INTEREST-DOWN (LAST-FLAT/UP ABOVE TREND)
TRADING: ACCELERATED FLAT OFFSET BUYING UPSIDE TREND MET RESISTANCE @1047
TARGETS: (989 1018 1047 1076) COMMITMENTS OF TRADERS: NET REDUCED

 

WHEAT (SEP/17): $0.45/BU, FREE WORLD STOCKS ESTIMATED/UP, (390-575)         
TRENDS: PRICE-UP/LESS STEEP, OPEN INTEREST-DOWN (LAST-FLAT ABOVE TREND)           
TRADING: ACCELERATED UP OFFSET BUYING DOWNSIDE TREND CLOSED BELOW 555 
TARGETS: (526 535 555 575
), COMMITMENTS OF TRADERS: NET INCREASED REVERSED 

DOLLAR CAD/USD:
 (SEP/17)  4.00 DAILY LIIMIT,  RANGE: (6810 7844)

TRENDS: PRICE-UP/MODERATE OPEN INTEREST-UP (LAST-UP ON TREND)     
TRADING: STEADY DOWN NET SELLING ABOVE TREND CLOSED/TESTED RESISTANCE@7753
TARGETS: (7718 7753 7800 7845 7883)  COMMITMENTS OF TRADERS: NET REDUCED    


HEATING OIL ULSD: (AUG/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/LESS GRADUAL, OPEN INTEREST-DOWN (LAST-FLAT ABOVE TREND)
TRADING: ACCELERATED UP NET BUYING BELOW TREND-MET RESISTANCE BELOW 149     

TARGETS: (163 156 149 143)  COMMITMENTS OF TRADERS: NET REDUCED
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