Thursday, July 20, 2017


FARM COMMODITIES-TREND ANALYSIS-JULY 20/2017
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-DOWN ON TREND)                 
TRADING: WEEKLY-UP THROUGH/ABOVE TREND TESTED CLOSED ABOVE 388/RESISTANCE  

TARGETS: (379 388 397 406 415) COMMITMENTS OF TRADERS: LAST REPORT-NET INCREASE

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-PARALLEL ABOVE TREND)
TRADING: WEEKLY-UP WELL ABOVE TREND OVERBOUGHT MET 1033/RESISTANCE
TARGETS: (989 1004 1018 1033 1947) COMMITMENTS OF TRADERS: NET DECREASE-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 ABOVE TREND)           
TRADING:WEEKLY-DOWN WELL ABOVE TREND OVERBOUGHT MET 496/SUPPORT  
TARGETS: (476 486 496 515 526
), COMMITMENTS OF TRADERS: NET INCREASE  

DOLLAR CAD/USD:
 (SEP/17)  4.00 DAILY LIIMIT,  RANGE: (6810 7971)

TRENDS: PRICE-UP/MORE STEEP OPEN INTEREST-UP (LAST-UP/LESS BELOW TREND)     
TRADING: WEEKLY-UP ABOVE TREND OVERBOUGHT TESTED/CLOSED BELOW 7965
TARGETS: (7845 7883 7965 8048 8130)  COMMITMENTS OF TRADERS: NET DECREASE-NEUTRAL    


HEATING OIL ULSD: (AUG/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/MORE GRADUAL, OPEN INTEREST-UP/TOPPY (LAST-DOWN BELOW TREND)
TRADING: WEEKLY-UP ABOVE TREND MET RESISTANCE/CLOSED BELOW 156/RESISTANCE     

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