Monday, July 03, 2017


FARM COMMODITIES/TREND ANALYSIS/JULY 3/2017
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 (SEP/17):
 $0.25/BU, FREE WORLD STOCKS ESTIMATED/FLAT-UP (325-396)              
TRENDS: PRICE-UP/MORE SO, OPEN INTEREST-DOWN (LAST-DOWN BELOW TREND)                 
TRADING: FOLLOW UP NET BUYING BELOW TREND MET/CLOSED BELOW RESISTANCE @397   

TARGETS: (379 388 397 406) COMMITMENTS OF TRADERS: NET POSITIONS-REDUCED

SOYBEANS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS ESTIMATED/UP, (1196-910)
TRENDS: PRICE-DOWN/NOW GRADUAL OPEN INTEREST-DOWN (LAST-LOWER BELOW TREND)
TRADING: FOLLOW UP NET BUYING GAP DOWNSIDE RESISTANCE @TREND BELOW 996,
TARGETS: (1014 996 979 962) COMMITMENTS OF TRADERS: NET POSITIONS-INCREASED

 

WHEAT (SEP/17): $0.30/BU, FREE WORLD STOCKS ESTIMATED/UP, (390-558)         
TRENDS: PRICE-UP/MODERATE, OPEN INTEREST-DOWN (LAST-UP BELOW TREND)           
TRADING: FOLLOW UP BUYING GAP ABOVE TREND MET RESISTANCE @ 558 
TARGETS: (528 538 548 558
), COMMITMENTS OF TRADERS: NET POSITIONS EVEN 

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

TRENDS: PRICE-UP/MODERATE OPEN INTEREST-DOWN (LAST-UP ABOVE TREND)     
TRADING: NET SELLING DECELERATED LOOKS TOPPY ABOVE TREND 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/LESS GRADUAL, OPEN INTEREST-DOWN (LAST-DOWN ON TREND)
TRADING: NET BUYING UP RESISTANCE @REVISED TREND TESTED CLOSED BELOW 149     

TARGETS: (179 163 156 149)  COMMITMENTS OF TRADERS: NET POSITIONS INCREASED
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