Wednesday, July 12, 2017


FARM COMMODITIES-TREND ANALYSIS-JULY 12/2017
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 16/17-126/MMT 17/18-120/MMT (325-405)              
TRENDS: PRICE-UP/SEMI MODERATE, OPEN INTEREST-UP (LAST-UP ABOVE TREND)                 
TRADING: ACCELERATED SELLING DOWNSIDE TREND TESTED/CLOSED BELOW 387/SUPPORT  

TARGETS: (371 379 387 397) COMMITMENTS OF TRADERS: NET REDUCED REVERSED

SOYBEANS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS 16/17-76/MMT 17/18-74/MMT
TRENDS: MONTHLY-UP/STEEP OPEN INTEREST-UP (LAST-UP ABOVE TREND) (1196-910)
TRADING: DECELERATED FLAT NET SELLING ON TREND RESISTANCE DOWNSIDE 1047
TARGETS: (989 1018 1047 1076) COMMITMENTS OF TRADERS: NET REDUCED

 

WHEAT (SEP/17): $0.45/BU, FREE WORLD STOCKS 16/17-147/MMT 17/18-134/MMT (390-575)         
TRENDS: PRICE-UP/LESS STEEP, OPEN INTEREST-DOWN (LAST-FLAT ABOVE TREND)           
TRADING: ACCELERATED DOWN SELLING DOWNSIDE TREND MET RESISTANCE @535 
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/MORE STEEP OPEN INTEREST-UP (LAST-FLAT BELOW TREND)     
TRADING: ACCELERATED UP BUYING UPSIDE REVISED TREND TESTED/CLOSED BELOW 7883
TARGETS: (7800 7845 7883 7965 8048)  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: DECELERATED UP NET SELLING BELOW TREND-MET RESISTANCE @149     

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