Thursday, July 13, 2017


FARM COMMODITIES-TREND ANALYSIS-JULY 13/2017
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; MONTHLY-UP/GRADUAL OPEN INTEREST-UP (LAST-FLAT ABOVE TREND)                 
TRADING: ACCELERATED DOWN SELLING TESTED TREND CLOSED BELOW 371/SUPPORT  

TARGETS: (353 361 371 379) COMMITMENTS OF TRADERS: LAST REPORT-NET INCREASED

SOYBEANS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS 16/17-76/MMT 17/18-74/MMT (1196-910)
TRENDS: PRICE: MONTHLY DOWN/GRADUAL  OPEN INTEREST-UP (LAST-FLAT ABOVE TREND)
TRADING: ACCELERATED DOWN SELLING (ISLAND REVERSAL) MET TREND-989/SUPPORT
TARGETS: (931 960 989 1018) COMMITMENTS OF TRADERS: NET DECREASED-NEUTRAL

 

WHEAT (SEP/17): $0.45/BU, FREE WORLD STOCKS 16/17-147/MMT 17/18-134/MMT (390-575)         
TRENDS: PRICE: MONTHLY UP/GRADUAL OPEN INTEREST-DOWN (LAST-FLAT/UP ABOVE TREND)           
TRADING: ACCELERATED DOWN SELLING (ISLAND REVERSAL) TESTED 515/SUPPORT  
TARGETS: (476 496 515 535
), COMMITMENTS OF TRADERS: NET INCREASED  

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

TRENDS: PRICE-UP/MORE STEEP OPEN INTEREST-UP (LAST-UP BELOW TREND)     
TRADING: DECELERATED FLAT NET BUYING ABOVE REVISED TREND CLOSED BELOW 7883
TARGETS: (7800 7845 7883 7965 8048)  COMMITMENTS OF TRADERS: NET /DECREASED-NEUTRAL    


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

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